President Trump said in an interview with Axios that he is seriously considering launching a new round of military strikes against Iran that would exceed the scope of Operation Epic Fury, though he stressed that no final decision has been made.
Key takeaways:
- Trump said he is “close to making a decision” on what he described as a “massive attack” that would be larger than previous U.S. operations against Iran.
- He emphasized that the military is prepared but confirmed that no order has been given and no final authorization has been made. U.S. officials echoed that no decision has yet been reached.
- Trump said Israel would join “in two minutes” if asked, but added that the U.S. does not need Israeli participation to carry out military action. He also warned there would be consequences for Israel if it became directly involved, suggesting the possibility of Iranian retaliation.
- On diplomacy, Trump said Iran still wants to negotiate but has “not received enough pain yet,” signaling little expectation of an immediate breakthrough. Regional officials also indicated Tehran has not accepted the latest mediation proposal.
- The military buildup comes after nearly two weeks of escalating conflict centered on attacks against commercial shipping in the Strait of Hormuz, with Iran and U.S.-aligned forces continuing to exchange blows.
- Iran-backed Houthi rebels have expanded attacks into the Red Sea, targeting Saudi shipping and increasing pressure on another critical global energy corridor.
- Trump also warned on Truth Social that if the Houthis launch additional attacks on shipping, the U.S. will hold Iran responsible and impose what he called “major military punishment” on both Iran and the Houthis.
The escalating conflict has pushed Brent oil prices above $100 per barrel (currently at $100.88). WTI Crude oil is trading at $92.67 up 6.75% on the day. That is increasing concerns over energy markets and the broader global economic outlook.
The Nasdaq is now down -700 or -2.71%. The price is within a swing area between 24993 and 25109. The 100 day MA is at 24686.
This article was written by Greg Michalowski at investinglive.com.