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Trump renews bridge, power plant threat against Iran in push for deal, mocks 'tough guy' IRGC

President Trump renewed hawkish rhetoric over Iran after the IRGC fired in the Strait of Hormuz, calling the move a ‘‘total violation’’ and mocking Iran’s claim it closed the strait — saying the U.S. ‘‘blockade’’ already has. He warned of harsh military retaliation, including striking Iranian power plants and bridges, while noting commercial shipping disruptions he pegged at "$500 Million Dollars a day." Such escalatory comments increase geopolitical risk in the Middle East and could lift safe-haven flows into gold (XAUUSD) and other defensive assets as traders price in greater potential for supply-chain and energy disruptions. Ongoing diplomacy was also referenced, leaving markets sensitive to further rhetoric or military developments.

Category

Gold

Sentiment

Bullish

Event

Policy statement

Reading time

1 min