Trump says Iran ‘appears to be standing down’ after missile strikes

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Trump says Iran ‘appears to be standing down’ after missile strikes
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US to impose additional punishing economic sanctions on the Iranian regime, US leader says in address to the nation

US to impose additional punishing economic sanctions on the Iranian regime, Trump says in address to the nationUS President Donald Trump delivers a statement about Iran flanked by US defence secretary Mark Esper, army chief of staff general James McConville, joint chiefs of staff chair Mark Milley and Vice-President Mike Pence at the White House in Washington, the US, January 8 2020.

He also said the US did not necessarily have to use its military power against Iran, in an apparent attempt to defuse the crisis. US stocks extended gains and Treasuries turned lower after Trump toned down rhetoric against Iran. The dollar advanced, while oil fell below $61 a barrel in New York. Iranian Supreme Leader Ayatollah Ali Khamenei, addressing a gathering of Iranians chanting “Death to America”, said the attacks were a “slap on the face” of the US and said US troops should leave the region.

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