Trump threatens Iran with annihilation; crude at $90.50

In a call with Fox News, President Trump said that if Iran retaliates, it will be “totally wiped out as a country.”

• Any response would result in much heavier strikes, he said.
• He described the latest attack as very significant, adding that “if they go a third time, they’re going to be totally wiped out as a country.”
• He added that any agreement with Iran is not worth the paper it is written on.
• We gave them many chances, he stated.
• The USS George Washington is fully loaded with munitions, he noted.

Since the agreement is worthless, there seems to be no exit.

The Islamic Revolutionary Guard Corps (IRGC) stated that the US will regret its recent attacks.

Market performance:

• Dow down 0.84%
• S&P 500 down 0.80%
• Nasdaq composite down 1.13%
• Russell 2000 down 1.20%
• Nasdaq 100 down 1.45%

In US Treasuries:

• 2-year yield 4.391%, up 4.1 basis points
• 5-year yield 4.553%, up 4.6 basis points
• 10-year yield 4.794%, up 2.6 basis points
• 30-year yield 5.266%, up 1.7 basis points

Crude oil futures traded at $90.50, a gain of $4.75. That price is the highest since July 26, when it touched $93.50.