Trump says he wants Strait of Hormuz open, free and with no tolls

• We’re negotiating on Iran, we’ll get it one way or the other
• We have total control of the Strait of Hormuz
• I want Hormuz open, free and with no tolls
• The US will get Iran’s uranium, we will likely destroy it
• The Iran conflict will end soon

There’s nothing new here as he continues to repeat the same stuff over and over again. The key part is that he doesn’t want tolls on the Strait of Hormuz, which is also what US Secretary of State Rubio said earlier in the session.

Despite all the positive and negative headline noise, the key issues remain and it’s hard to envision them reaching a deal any time soon. I’m afraid that stock prices hovering around record highs continue to embolden Trump to keep his hawkish stance.

We saw how he folded at the end of March as stock prices kept falling to new lows. What he might be underestimating is the Fed. The stock market is at risk of another big selloff if the Fed turns hawkish and puts rate hikes on the table.

This article was written by Giuseppe Dellamotta at investinglive.com.