Trump Disputes Iran’s Hormuz Control, Sanctions Relief, More
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News when you want it with Bloomberg News Now. I'm Dan Schwartzman. President Trump speaking at a cabinet meeting at the White House says he is not satisfied with negotiations with Iran and the almost three-month war clouding expectations for an agreement. The president also reiterating that nobody would control the Strait of Hormuz.
They would like to control it. Nobody's going to control it. It's international waters and Oman will behave just like everybody else. So we'll have to blow them up. They understand that. They'll be fine.
President Trump also says Iran would not get sanctions relief in exchange for giving up its stockpile of uranium.
We're not talking about any easing of sanctions or giving money. No sanctions, no money, no nothing. We have control of money that they claim is theirs. We'll keep control of that money. When they behave properly and when they do what's right, we'll let them have their money.
Trump's comments coming on the heels of a report from Iranian state media claiming to have a copy of an unofficial draft memorandum of understanding of a deal between the U.S. and Iran to end the blockade of the Strait. The White House, though, says the report is, quote, not true. Bloomberg's Kayleigh Lyons with more details.
This just continues the kind of conflicting narrative that Iran versus the United States has been putting out for the duration of this ceasefire and attempted diplomatic process. Because, of course, President Trump himself would contend a number of things in true social posts, including Iran being willing to give up its highly enriched uranium. And for the U.S. to go in and take that out only for Iranian state media to say no such agreement has been made.
That's Bloomberg's Kayleigh Lyons. Oil fell on optimism that the U.S. and Iran would reach a peace deal, despite President Trump saying he was not satisfied with negotiations and the almost three-month war. West Texas Intermediate crude traded near $90 a barrel. That's a drop of nearly 5%. Israel continued to put pressure on Hezbollah and Lebanon. by stepping up attacks while saying its ground forces would move further into the country. While Iran has insisted that any ceasefire with the U.S. would include Lebanon, Israel has been reluctant to accept any restrictions on its operations against Hezbollah. Bloomberg's Israel bureau chief Ethan Bronner says Israel, though, wouldn't do anything to harm a deal between the U.S.
and Iran.
There's a clear understanding that Israel is not going to do anything that would... really lengthen this thing in any way sort toward Iran, for example, it would not move without American agreement.
That's Bloomberg's Ethan Bronner reporting from Israel. Boeing with some good news as the airplane maker successfully completed a capstone review with the Federal Aviation Administration to further increase production of its best-selling 737 MAX to 47 jets per month. The move is a key step for the company to improve profitability and generate much-needed cash.
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