European Government Bonds Rally as Oil Falls After Trump Comments on Iran War

Trump’s White House address on the Iran conflict triggered another cross-market reaction, with Bitcoin falling about 2% to around $66,400 while crude oil rose to $103.55 a barrel. He said the US military was close to completing its main objectives but warned that more strikes could come in the next two to three weeks, which kept traders focused on the risk of a longer conflict. The speech also outlined US demands for Iran to abandon its nuclear program, reopen commercial shipping routes and stop backing regional proxy groups, while reports said Tehran is seeking a permanent end to the war, compensation for damage and a US military withdrawal from the region. The update adds to earlier market moves in Europe, where government bonds rallied and yields fell after previous comments that the war could end within weeks.