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Trump orders Iran to "unconditionally surrender"! The Middle East war enters its seventh day
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Hello everyone, today XM Forex will bring you "[XM Forex Official Website]: Trump orders Iran to "unconditionally surrender"! The Middle East war enters its seventh day." Hope this helps you! The original content is as follows:
As U.S. President Trump publicly demanded Iran’s “unconditional surrender,” the war in the Middle East entered its seventh day on Friday (March 6), and market concerns about the prolongation of the conflict quickly increased. This escalating war is spreading to the global economy through the energy, shipping, aviation and financial markets. International oil prices have soared, the U.S. dollar has strengthened, global bond markets have continued to be under pressure, and supply chain risks have also continued to amplify.
Trump posted on TruthSocial on Friday that the only acceptable condition for ending the U.S. war against Iran is Iran's "unconditional surrender."
After Iran capitulates and "elects a great and acceptable leader," Trump wrote, the United States and its "many wonderful and courageous allies and partners" will work to help Iran pull back from the brink of destruction and make it economically "bigger, better, and stronger than ever before."
He also wrote: "Iran will have a great future. Make Iran great again (MIGA)!"
This tough statement quickly impacted the global financial market. After Trump's announcement, the Dow Jones Industrial Average once plummeted more than 900 points, or nearly 2%; the S&P 500 Index and the Nasdaq www.xmtraders.composite Index both fell by about 1.6%, indicating that investors' concerns about the escalation of tensions in the Middle East and the surge in energy prices have significantly intensified.
At the same time, international oil prices continue to surge sharply. Brent crude oil futures, the global benchmark, topped $90 a barrel, reaching that mark for the first time in nearly two years.
Shipping in the Strait of Hormuz has www.xmtraders.come to a near-total halt, with energy exporters scrambling to find alternative shipping routes, further raising expectations of supply disruptions. Danish shipping giant Maersk alsoServices on two routes connecting the Far East and Europe were suspended due to security risks.
Qatar warned that all energy exporters in the Gulf could shut down production within weeks if the war lasts too long. The Financial Times quoted Qatar's energy minister as saying that a protracted war could bring the entire regional energy production system to a standstill.
According to "Wall Street Journal" citing people familiar with the matter, Kuwait has begun to reduce production in some oil fields due to insufficient crude oil storage space. This indicates a broader oil storage crisis and is bringing new risks to the global market.
As an OPEC member, Kuwait is discussing further limiting its oil production and refining capacity so that it can only meet domestic consumption needs. A decision on these broader production cuts is expected within days, they said.
Data provider Kpler said it has seen signs that Kuwait has begun to cut production, adding that the country will have to cut production further in the www.xmtraders.coming days or stocks will fill up in about 12 days. In addition to Kuwait, Saudi Arabia, the United Arab Emirates, and Qatar also rely heavily on giant storage tanks scattered across the region's export terminals. It is understood that restarting an oil well after shutting it down is expensive and can take days or even weeks to restart production, so it is usually a last resort. Giovanni Staunovo, www.xmtraders.commodities strategist at UBS Group AG, said: "Even if exports return to normal on the day, everything will not www.xmtraders.completely return to the original state."
The sell-off in global bond markets also continues to intensify. The market is worried that rising energy prices will force central banks to slow down the pace of interest rate cuts. The U.S. dollar is on track to post its strongest weekly gain since late 2024.
Iran’s Deputy Foreign Minister vowed to fight until the last bullet. Many countries in the Gulf were attacked, and Asia and Europe began to strengthen defense deployments
Iran’s Deputy Foreign Minister Saeed Khatibzad said during a visit to India on Friday that Iran has no choice but to end the US military presence in the Middle East. For a long time, these US military bases in the Middle East have all targeted Iran. Khatibzadeh pointed out that the United States and Israel continue to carry out carpet bombings against Iran and Tehran. The United States no longer talks about the so-called "for the Iranian people" excuse. The United States is actually taking the opportunity to retaliate against Iran and retaliate against the United States' forced withdrawal from Iran after the victory of the Islamic Revolution in 1979.
From Thursday night to Friday local time, Iran launched a large number of missiles and drones at multiple Gulf countries, with particularly strong explosions heard in Kuwait. Bahrain and Saudi Arabia were also hit. Dubai issued a missile alert for the second day in a row, although it was quickly lifted.
Israel, with the support of the United States, continues to launch air strikes against Iran. At the same time, the Israeli army "significantly expanded" its ground military presence in Lebanon, intensified its attacks on the Iranian-backed Hezbollah armed forces, and launched a new round of air strikes on the southern suburbs of Beirut.
German Chancellor Mertz warned the United States and Israel not to start a war"Endless War". He said such a conflict could lead to the collapse of Iran's state structure, trigger a new migrant crisis in Europe and cause lasting economic harm.
Trump said on Thursday that "action to ease pressure on oil prices is www.xmtraders.coming" as U.S. retail gasoline prices rose to their highest level since September 2024. Rising fuel prices could put more political pressure on the White House ahead of the November midterm elections.
U.S. National Economic Council Director Kevin Hassett said in an interview with Bloomberg Television that the Trump administration has "many, many" tools to deal with soaring oil prices.
Before Trump issued a tough statement, Iranian President Pezhiziyan said on the X platform that some countries have begun to promote mediation efforts. He said Iran was "committed to lasting peace" but would continue to defend itself.
Earlier this week, Iran denied reports that its intelligence services had contacted the United States to seek a negotiated solution to the conflict.
Trump also stated on Thursday that he would "totally destroy" Iran's armed forces. In an interview with NBC, he said that he hopes to "clean up" Iran's existing leadership and has a replacement in mind. This statement shows that the United States may have regarded regime change in Iran as its ultimate goal. In the early stages of the conflict, the United States had reservations about this statement.
So far, the US-Israeli war with Iraq has killed at least 1,332 people in Iran, and dozens of people have also been killed in retaliatory attacks in other countries in the region. Six US soldiers have died, all in the first two days after the conflict broke out. Currently, about a dozen countries are involved in this war.
Iran is preparing to elect a successor to Supreme Leader Ayatollah Ali Khamenei. Khamenei was killed in an attack on February 28, the first day of the war. His second son Mujtaba Khamenei is considered one of the candidates to succeed him. Trump described him as an "insignificant figure", saying he would not change the policies of the current regime and insisted on personally participating in the selection of Iran's next leader.
The aviation industry has also been severely affected. Since the conflict began, more than 23,000 flights to major Middle Eastern hubs have been canceled, leaving thousands of travelers stranded in the Gulf. However, Emirates said on Friday it hoped to gradually resume full route operations in the www.xmtraders.coming days.
Many Arab countries said they had intercepted missiles launched by Iran between Thursday night and Friday. Bahrain said a unit at its Sitra refinery caught fire after being hit by a missile. Qatar said it had thwarted an attack on Al Al Udeid Air Base, an important U.S. military installation in the Middle East. The United States also suspended operations of its embassy in Kuwait.
Saudi Arabia said it had intercepted multiple missiles and drones at night. Saudi Arabia, the world's largest oil exporter, is rerouting millions of barrels of crude oil to ports on its Red Sea coast in an effort to maintain external supplies as much as possible.
European and Asian countries have also begun to strengthen defense deployment in the region. country of italyDefense Minister Crosetto said that Italy plans to dispatch air defense systems and anti-drone equipment to the Gulf region. South Korea said it was discussing with the United States the possible redeployment of weapons including the Patriot air defense system. Agence France-Presse reported that France has approved the use of Istres Air Base by US military support aircraft not participating in the war against Iraq.
NATO said it was stepping up its missile defense posture after an Iranian missile was shot down Wednesday as it entered Turkish airspace.
Israel Defense Forces Chief of Staff Zamir said that Israeli military strikes have destroyed more than 60% of Iran's ballistic missile launchers, and the Iranian navy has also suffered heavy losses.
U.S. Defense Secretary Hegseth told reporters that the military operation may continue for "6 weeks, 8 weeks, or even 3 weeks." Trump told Politico that the United States has an "unlimited supply of weapons."
Hegseth later told a news conference at Central www.xmtraders.command headquarters in Florida: "Iran hopes that we will not last, but this is a miscalculation. Our capabilities are extremely powerful and continue to build up, as do our Israeli partners. Our bombs The medicine reserves are sufficient."
The above content is about "[XM Foreign Exchange Official Website]: Trump orders Iran to "unconditionally surrender"! The Middle East war enters its seventh day", which is carefully www.xmtraders.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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