The Dow Jones (DJIA) opened Wednesday slightly higher after President Trump ramped up pressure on Iran and cautioned that its “time is running out.”
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“A massive Armada is heading to Iran,” Trump said in a Truth Social post, and warned that “speed and violence” are on the table if necessary. Trump also urged the country to sign a deal that would halt its nuclear program amid widespread protests in Tehran that are estimated to have left thousands of people dead.
Iran Weighs Dialogue After Trump’s Warning
The U.S. previously targeted Iran’s nuclear facilities last July, with Trump warning, “The next attack will be far worse!”
In response to Trump’s statement, Iran’s UN Mission in New York said in an X post that the country is open to dialogue but stands ready to defend itself at the same time. The UN Mission also pointed out that the U.S. spent $7 trillion and lost over 7,000 American lives the last time it entered wars in Iraq and Afghanistan.
The U.S. has already used several options to try and deter Iran’s nuclear ambitions, including oil sanctions and military threats.