Trump’s Iran Tone Shows US Wants Offramp, $60 Billion Fund Says

President Donald Trump’s assertion the Iran war may end “very soon” suggests the US wants an exit strategy and eases the risk of some of the extreme scenarios earlier envisaged, according to Australia’s Mercer Super.

Trump’s comments made on Monday sparked a rush back into equities, with the S&P 500 Index reversing an intraday decline of 1.5%, and Asian shares and European futures rising. Crude prices tumbled more than 10% after he spoke.