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Getty Images President Donald Trump
President Donald Trump on Wednesday said Iran “appears to be standing down” following strikes by Tehran on two U.S. bases in Iraq overnight, and announced fresh sanctions on the Islamic Republic as he said his administration was continuing to evaluate options to respond to “Iranian aggression.”
Trump spoke from the White House following the strikes early Wednesday local time. Iran’s Islamic Revolutionary Guard Corps said the firing of ballistic missiles at the bases housing U.S. forces were in retribution for the U.S. killing of Iranian Maj. Gen. Qassem Soleimani, the Wall Street Journal reported.
Surrounded by his top aides, the president also called for other nations to break away from the Iran nuclear deal he pulled the U.S. out of, and work together on a new agreement. He began his remarks by saying Iran would never have a nuclear weapon as long as he is president.
U.S. stocks began Wednesday trading higher, with the Dow Jones Industrial Average DJIA, +0.73%, S&P 500 index SPX, +0.68% and Nasdaq COMP, +0.73% all climbing. Iran’s action rattled financial markets in after-hours trade but moves in stocks, bonds and commodities quickly moderated. Oil prices CLG20, -4.61% BRNH20, -3.93% traded sharply lower, reversing a spike higher in the wake of the attack.
Read: Stocks shake off Iranian missile strikes; Boeing crash weighs on Dow.
Now see: Oil prices spike, then fall sharply as worries over Iran missile strikes momentarily fade.
The U.S. maintains numerous sanctions on Iran already. Trump did not detail what the fresh ones will be.
Trump and top U.S. officials have warned Iran that Washington will take further action if Tehran does anything the administration deems provocative.
