Trump administration discusses potential military escalation against Iran, raising geopolitical risk and potential market volatility.
Macro & Markets ·
President Trump discussed plans for expanded military strikes against Iran in a Situation Room meeting Tuesday, with officials exploring offensive operations wider in scope than current activity near the Strait of Hormuz, according to reporting by Axios. Trump stated Iran should "make a deal" or face actions leaving them with "nothing left," while attendees included Vice President JD Vance, Secretary of State Marco Rubio, Secretary of Defense Pete Hegseth, and other senior officials. The discussion centered on what was described as "devastating strikes on strategic targets in Iran."