The U.S. imposed fresh sanctions on Iran as President Donald Trump seeks to punish Tehran for its ballistic missile program after warning the Islamic Republic that it is “playing with fire." As Bloomberg reports, the Treasury Department published a list of 13 individuals and 12 entities facing new restrictions, some for contributing to proliferation of weapons of mass destruction and others for links to terrorism.
Whether there is an agreement to be had between the United States and Australia for the resettlement of Australia's interned population or not, it is clear that this deal had more to it than the Obama Administration - or the Turnbull government - wanted to admit.
The Trump administration continues to sabre-rattle at global powers and threatens to disrupt the status-quo of international relations. Comments in just 24-hours by Donald Trump and his team have included attacking an Ivy League university, a nuclear power and two of the United States’ key trading partners.
In an early tweetstorm, President Trump fired off a volley of five (so far) tweets early on Friday morning, touching on all the key salient newsitems over the past 24 hours, including Iran, the feud with Schwarzenegger, the Australia PM phone call, his upcoming meeting with business leaders and finally slamming "professional anarchists, thugs and anarchists."
European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session.
Reuters reports that the United States is expected to impose sanctions on multiple Iranian entities as early as Friday following Tehran's recent ballistic missile test, but in a way that will not violate the 2015 Iran nuclear deal, sources familiar with the matter said on Thursday.
OPEC Jawboning, Equities up in high liquidity environment, Import Taxes, Trump Optimism, and Geo-political tensions with Iran all propping up Oil, keeping it higher than the fundamentals of the market currently justify.
President Trump blasted Australian Prime Minister Malcolm Turnbull over a refugee agreement and boasted about the magnitude of his electoral college win, according to a WaPo report citing senior U.S. officials. Then, 25 minutes into what was expected to be an hour-long call, Trump abruptly ended it.
"This is not the first time that an inexperienced person has threatened Iran ... the American government will understand that threatening Iran is useless," Ali Akbar Velayati said, without identifying any U.S. official specifically in his comments.
Following President Donald Trump’s ban on travelers from seven predominantly Muslim countries, the Iranian government announced it would stop using the U.S. dollar “as its currency of choice in its financial and foreign exchange reports,” the local Financial Tribunereported.