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US President Donald Trump has threatened sanctions against Baghdad, says US will not leave Iraq unless it pays for the US Air Base there.

Additional comments through Reuters

  • Trump says he is willing to go after Iranian cultural sites since Iran has killed Americans.
  • Trump says he will consider releasing intelligence related to the killing of Iranian official.
  • Trump says there will be a “major retaliation” against Iran if Iran retaliates.
  • Trump says he doesn’t think North Korea’s Kim Jong-Un will break his word, but maybe he will.

Market implications 

  • Chart of the week: Oil prices spiking and intent on 2019 highs
  • Risk-off open as full markets return to the sounds of war drums