Trump threatens "Iran can be taken out in one night... maybe tomorrow"
WSJ reports US military is making preparations for potential strikes on energy targets in Iran
A Sunday night Axios report on a US-proposed 45-day ceasefire has by Monday morning been rejected by Iran, which later on Monday issued a 10-point letter via Pakistan.
Israel strikes large petrochemical plant at South Pars, which is responsible for half of the country’s petrochemical production.
Trump reaffirms Tuesday deadline before vital infrastructure gets attacked as 'final', calls Americans opposed to Iran war 'foolish' - saying it's all about Tehran not getting a nuke.
Israel kills experienced longtime head of IRGC intelligence; Iranian missile strike on Haifa residential complex kills 4.
With all that in mind, the odds of a ceasefire by the end of April (2026) are rising (but still low)...
Having already spoken to reporters earlier in the day (before, during, and after the Easter Egg party), discussing ceasefire proposals ('not good enough') and his desire to 'take the oil', President Trump is due to take the lectern in the White House Briefing Room at 1pm ET to discuss the rescue of the downed airmen over the weekend.
We assume he will take questions... and that's when the fun and games (market-wise) will likely start.
Watch Trump speak live here (due to start at 1pm):
*TRUMP: IRAN CAN BE TAKEN OUT IN ONE NIGHT, MAYBE TOMORROW
*TRUMP: ENTIRE COUNTRY OF IRAN COULD BE TAKEN OUT IN ONE NIGHT
WarSec Hegseth pulled no punches:
*HEGSETH: TODAY WILL BE LARGEST VOLUME OF STRIKES ON IRAN
*HEGSETH: TOMORROW'S STRIKES ON IRAN WILL BE MORE THAN TODAY
Trump's Q&A began:
*TRUMP: I HAVE THE BEST PLAN OF ALL, WON'T TELL YOU WHAT IT IS
*TRUMP: WE DIDN'T DO THIS FOR REGIME CHANGE
*TRUMP: NEW REGIME IS SMARTER, SHARPER, LESS RADICAL
*TRUMP: IRANIANS SHOULD RISE UP, BUT THE CONSEQUENCES ARE GREAT
*TRUMP: IRANIANS WANT US TO KEEP BOMBING
*TRUMP: IRANIAN PEOPLE ARE WILLING TO SUFFER FOR FREEDOM
This followed a report from The Wall Street Journal that the US military is making preparations for potential strikes on energy targets in Iran, according to multiple U.S. officials - as President Trump ratchets up his demand for Tehran to open the Strait of Hormuz - sending oil prices significantly higher...
That military planners are pulling out existing lists of potential targets to provide the president options if he decides to attack energy infrastructure (according to WSJ sources), this should not be new news for traders (but the market is so sensitive), since Trump has ramped up his threats to do just that in recent days, telling The Wall Street Journal on Sunday that he would destroy all of Iran's power plants if the regime doesn't agree to reopen the Strait of Hormuz by Tuesday evening.
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