U.S. President Donald Trump takes questions from the media throughout a bilateral assembly with German Chancellor Friedrich Merz within the Oval Workplace of the White Home on March 03, 2026 in Washington, DC.
Win Mcnamee | Getty Pictures
President Donald Trump mentioned in a social media publish on Friday that there could be no deal to finish the U.S. warfare in opposition to Iran with out an “UNCONDITIONAL SURRENDER” by Iran.
The Dow Jones Industrial Common dropped greater than 900 factors, or practically 2%, after Trump’s demand, which he wrote on Fact Social. The S&P 500 and Nasdaq Composite fell 1.6% every, and oil futures costs rose.
Trump mentioned that after a give up and “the choice of a GREAT & ACCEPTABLE Chief(s), we, and plenty of of our great and really courageous allies and companions, will work tirelessly to carry Iran again from the brink of destruction, making it economically greater, higher, and stronger than ever earlier than.”
“IRAN WILL HAVE A GREAT FUTURE. “MAKE IRAN GREAT AGAIN (MIGA!)” Trump wrote, echoing his “Make America Nice” motion’s title.
Trump’s demand got here as Iran has but to choose a frontrunner to interchange Supreme Chief Ayatollah Ali Khamenei, who was killed final weekend in an airstrike firstly of the warfare by the U.S. and Israel.
White Home Press Secretary Karoline Leavitt, when requested by reporters later about potential future leaders of Iran, mentioned, “I do know there are a selection of people who our intelligence businesses, that america authorities are , however I will not get any additional.”
Trump in June made an an identical demand of “UNCONDITIONAL SURRENDER” by Iran in one other social media publish as he thought of launching a army strike in opposition to that nation.
The futures worth of the worldwide benchmark Brent crude oil rose, breaking $90 per barrel, after Trump posted his newest demand for Iran to give up with out circumstances.
Qatar’s vitality minister, Saad al-Kaabi, warned Friday that rising oil costs because of the warfare in opposition to Iran “may carry down the economies of the world.”
Al-Kaabi instructed The Monetary Instances that crude oil costs may hit as excessive as $150 per barrel inside weeks if tankers can not move by the Strait of Hormuz. The final time oil topped $100 a barrel was when Russia invaded Ukraine in 2022.
