Trump threatened Iran again to hand over enriched uranium, while US and Iran still have differences in nuclear games
The US has taken a tough stance on the Iranian nuclear issue. President Trump told the media at the White House on the 21st that Iran must hand over its high-enriched uranium, which is likely to be destroyed once the US obtains it.
Responding to reporters' questions, Trump stated: "We will get those high-enriched uraniums. We don't need them, nor do we want them. It is likely that we will destroy them after obtaining them; we won't allow them to possess them." He also mentioned that negotiations between the US and Iran are ongoing, and the outcomes remain to be seen.
Earlier, according to IRNA citing Al Arabiya satellite news, under the mediation of Pakistan, the final draft of an agreement between the US and Iran has been reached and is expected to be announced within the next few hours.
Subsequently, WTI crude oil futures quickly fell from $100.40 a barrel to $97.64, almost completely reversing the earlier intraday gains. The US stock market turned upward, US Treasury bond prices recouped most of their losses, and the yield on 30-year Treasuries fell. The Bloomberg US Dollar Index gave up its gains, while the emerging market foreign exchange index's gains widened.
Towards the end of the US stock trading session, the Iranian President stated that Iran "will not back down" and "will not be conquered by missiles, bombs, or fighter jets." Oil prices rose again, with the WTI previous month's contract ultimately ending flat. The three major US stock indexes fell back, with the Nasdaq narrowly rising, while the Dow still closed at a new high.
There remains a fundamental disagreement between the core demands of the US and Iran. Previously, according to Reuters, Iran's Supreme Leader has issued an order strictly prohibiting the export of the country's uranium stockpile, directly opposing the US's claim to confiscate and destroy nuclear materials, and the uncertainty of subsequent negotiations is still present.
Content is for reference only, not financial advice.