Odaily Planet Daily reports: Trump delivered a rare prime-time national television address from the White House. He tried to reassure Americans whose financial markets were rattled and whose approval ratings were hurt by the war, claiming that the war with Iran is “very close” to ending. However, as Trump hinted that military action could escalate in the short term, international spot gold and silver prices kept plunging, while both WTI and Brent crude oil continued to rise. As of press time, spot gold was down more than $100 in the day, spot silver was down more than 3%, and both WTI and Brent crude were up more than 5%. This speech highlighted the immense pressure Trump is facing: to clearly communicate the purpose of the war to the public and to look for an “exit route” for a conflict that has entered its fifth week and is becoming increasingly difficult to manage. Notably, in some respects, this address looked more like a mobilization at the beginning of the war than a summary a month after it began. At present, the Strait of Hormuz, which accounts for one fifth of global seaborne oil transport, has basically been under blockade since the outbreak of hostilities, becoming a major economic pain point. Even though Trump continues to insist that the energy shock will ease after the war, the government has not yet clearly stated how it plans to persuade Iran to resume navigation through this strait. (Kin10)
軍事アップグレードの期待が撤軍の好材料を相殺、トランプ演説が市場に大きな衝撃を与える
Odaily Planet Daily reports: Trump delivered a rare prime-time national television address from the White House. He tried to reassure Americans whose financial markets were rattled and whose approval ratings were hurt by the war, claiming that the war with Iran is “very close” to ending. However, as Trump hinted that military action could escalate in the short term, international spot gold and silver prices kept plunging, while both WTI and Brent crude oil continued to rise. As of press time, spot gold was down more than $100 in the day, spot silver was down more than 3%, and both WTI and Brent crude were up more than 5%. This speech highlighted the immense pressure Trump is facing: to clearly communicate the purpose of the war to the public and to look for an “exit route” for a conflict that has entered its fifth week and is becoming increasingly difficult to manage. Notably, in some respects, this address looked more like a mobilization at the beginning of the war than a summary a month after it began. At present, the Strait of Hormuz, which accounts for one fifth of global seaborne oil transport, has basically been under blockade since the outbreak of hostilities, becoming a major economic pain point. Even though Trump continues to insist that the energy shock will ease after the war, the government has not yet clearly stated how it plans to persuade Iran to resume navigation through this strait. (Kin10)