Rising prices, mixed messages: Iran war is fraught with political risk for Trump

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The war's price, measured in damage to the economy and in political costs to Trump, is still coming into view.

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After a tumultuous morning during which US stock market indexes dropped and oil prices surged, the American president began speed-dialing reporters in an apparent effort to soothe nerves. His comments, however, were lacking in clarity even when he was pushed for more detail.

"I have a plan for everything, okay?" he told a reporter from the New York Post when asked about spiking oil prices. "I have a plan for everything. You'll be very happy."

To CBS News, he said the war "is very complete, pretty much".

"We're very far ahead of schedule," he added. When asked whether the operation could therefore end soon, Trump said: "I don't know, it depends. Wrapping up is all in my mind, nobody else's."

His telephone spree, at least in an economic sense, had the desired effect. Stock markets rallied, and the price of a barrel of oil – which had reached $120 earlier in the day - dropped below $90.

Just days ago, Trump said that he would not stop the war until Iran's "unconditional surrender". But after his comments on Monday, it appeared as though an end to a military operation that has roiled the Middle East and led to the near complete shutdown of shipping traffic through the Straits of Hormuz could be in sight.

By evening, however, Trump was walking back those comments.

"We could call it a tremendous success right now," he said. "Or we could go further. And we're going to go further."

He said the US was "very close to finishing" what he called an "excursion", but warned that the US would intensify its strikes if Iran continued to threaten oil tankers exiting the Persian Gulf.

"We will hit them so hard

Source: BBC

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