To Preserve Iran Nuclear Deal, Trump Swears at Netanyahu, Oil Price Surges Over 7% before Falling
BlockBeats News, June 2nd - President Trump of the United States is currently attempting to facilitate the resumption of US-Iran negotiations. However, a heated argument erupted between him and Israeli Prime Minister Netanyahu due to Israel's escalation of the conflict in Lebanon. Iran announced on Monday that it would suspend talks with the United States due to the ongoing conflict in Lebanon. Trump later posted on Truth Social, stating that he had asked Netanyahu "not to launch a large-scale attack on Beirut, Lebanon," and had spoken with a representative of Hezbollah in Lebanon, who agreed to stop firing at Israel and its soldiers, with Israel also agreeing to cease fire.
Trump stated that he believes an agreement will be reached with Iran "within the next week" to extend the ceasefire and reopen the Strait of Hormuz. Trump said that there was a "slight incident" on Monday because Iran was unhappy about Israel's attacks on Lebanon. However, he had separately contacted Hezbollah and Netanyahu, asking both parties to cease fire. During the call with Netanyahu, Trump expressed strong dissatisfaction with Israel's military escalation in Lebanon and requested the cancellation of Israel's plan to attack Beirut. Sources reported that Trump accused Netanyahu of potentially further isolating Israel internationally. US officials summarized Trump's remarks to Netanyahu: "You [expletive starting with F] are really crazy. If it weren't for me, you'd still be in jail. I saved you. Now everyone hates you. Because of this, everyone hates Israel."
However, Netanyahu later stated that if Hezbollah stops the attacks, Israel will not target Beirut but the Israeli Defense Forces will continue their planned military operations in southern Lebanon. In response to the news of Iran's suspension of talks, Brent crude oil briefly rose above $97 per barrel, but retraced some gains after Trump's statement, ultimately closing up about 4%, nearing $95 per barrel.
