Trump's mention of 'directly securing' Iranian oil facilities weighs on stocks
President Trump said he would respond to Iran 'very strongly,' suggesting direct control of oil facilities, including Kharg Island. Immediately after the remarks, expectations emerged that stocks would open lower.
President Trump said in a speech on 6 month 10~11 day that he would respond to Iran 'very strongly.' He directly said he would 'take' Iran's major oil facilities. During the remarks, he specifically mentioned Kharg Island.
The president said the United States was even considering ways to take control of energy infrastructure. In one remark, he used the expression, 'We will attack very strongly tonight.' In the same remarks, he claimed that oil had been secured through the Strait of Hormuz route.
Trump pointed out that Iran had taken too long to negotiate. He said Iran would 'pay the price.' The remarks concerned the delay in negotiations.
Markets expected stocks to open weaker following the remarks. Economic television host Jim Cramer pointed out that the remarks could cause share prices to open at a lower level. Moves indicating increased short-term volatility were observed in some investment products.
The remarks were disclosed repeatedly on several occasions. Similar content was reconfirmed in different speeches. Attention is focused on whether further remarks and an official government position will follow.
Sources: Reuters,CNBC,MarketWatch Top Stories
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