Trump and Netanyahu Discuss Iran, Markets Wary of New Escalation
US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu reportedly spoke by phone on Thursday (July 9th local time). The conversation touched on the latest situation in Iran, amid rising regional tensions following new US attacks on Iranian targets.
According to a report citing Netanyahu's office, the two leaders discussed US actions in the Gulf region and agreed to continue coordinating on regional developments. This communication drew attention because it occurred as the US-Iran conflict re-enters a heated phase.
Tensions escalated after the US launched another attack on Iran for a second day. Washington said the attack was aimed at keeping shipping lanes in the Strait of Hormuz open, after Iran was accused of attacking tankers in the region.
Iran then responded with attacks on several targets linked to US military infrastructure in the Gulf states. This situation has further weakened hopes for a ceasefire and increased the risk of escalating conflict in the Middle East.
For the market, the communication between Trump and Netanyahu is an important signal. If US-Israel coordination leads to greater military pressure on Iran, oil prices could potentially rise again due to the risk of disruption in the Strait of Hormuz. This could reignite inflation concerns, supporting the US dollar and Treasury yields, but pressuring riskier assets like stocks and cryptocurrencies.
However, if these talks actually open up space for diplomatic coordination, the market could view this as an opportunity for de-escalation. In the meantime, investors will continue to monitor Trump's statements, Iran's response, and developments in energy shipping routes in the Gulf region. (arl)
Source: Newsmaker.id
