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US President Donald Trump said Iran wants to talk about deescalating the conflict with Israel even as the two sides exchanged deadly fire for the fourth consecutive day.
Asked about reports that Iran wants to work toward a resolution, Trump responded “yeah,” and added, “they’d like to talk, but they should have done that before. ”It’s painful for both parties but I would say that Iran is not winning this war,” Trump said at the start of a meeting with Canadian Prime Minister Mark Carney at a Group of Seven leaders summit in Kananaskis, Alberta. Asked if the US would get more involved militarily, Trump said he didn’t want to discuss it.
The Wall Street Journal reported earlier Monday that Tehran is signaling it wants to de-escalate hostilities with Israel and is willing to resume nuclear talks with the US as long as Washington doesn’t join the Israeli attacks. It cited Middle Eastern and European officials it didn’t identify. A similar report by Reuters says Iran conveyed the message through Qatar, Saudi Arabia and Oman.
Oil fell on the WSJ report, with Brent futures dropping around 4% after rising over 10% Friday. US Treasuries pared earlier drops and European bonds gained as traders reacted to diminishing concerns about inflation.
About the same time as Trump was speaking, Iran’s semi-official Mehr News Agency cited a senior security official as saying the country is prepared to deliver a “major blow” to Israel following its recent strikes on Iranian cities and targets. Shortly afterward, air raid sirens sounded as Israel reported it had detected more missile launches.
Today's show features interviews from the Bloomberg Technology Summit in San Francisco:
- Bloomberg News National Security Team Leader Nick Wadhams on latest in Israel-Iran Conflict and Bloomberg News Correspondent David Gura on Israel/Iran Conflict and G7 Meeting
- Beth Fouhy, Partner at FGS Global, on latest ICE Deportations, US Domestic News
- Rob Thummel, Senior Portfolio Manager at Tortoise Capital on energy markets
- and we Drive to the Close with Chris Fasciano, Chief Market Strategist at Commonwealth
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