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Market Impact: 0.7

Trump: We wiped Iran out in the first 2 days

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Geopolitics & WarElections & Domestic PoliticsInfrastructure & Defense

President Trump said at a press conference that 'we wiped Iran out in the first 2 days' and that 'everything Iran had is gone.' The statement materially raises geopolitical risk and could push up oil and defense-sector risk premia, drive safe-haven flows into USD/Treasuries/gold, and increase market volatility near term.

Analysis

President Trump said at a press conference that 'we wiped Iran out in the first 2 days' and that 'everything Iran had is gone.' The statement materially raises geopolitical risk and could push up oil and defense-sector risk premia, drive safe-haven flows into USD/Treasuries/gold, and increase market volatility near term.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.30

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