President Trump Increases Sanctions on Iran, But Seeks Peace

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President Trump delivered a statement on Wednesday in response to Iran’s attack on two American airbases in Iraq, beginning his speech by telling the world that, “as long as I am President of the United States, Iran will never be allowed to have a nuclear weapon.”

Markets immediately surged on the announcement, with the S&P 500 reaching a fresh intraday high.

In his quick, ten-minute statement, Trump confirmed that the two military bases attacked by Iran sustained only minimal damage. He applauded the skill and courage of America’s military and celebrated an “early warning system that worked very well” in preventing anything worse from occurring.

Overall, Trump’s statement pulled back concerns of military escalation. “The fact that we have this great military equipment does not mean we need to use it,” he said.

However, Trump did speak of additional sanctions on Iran, which he said will remain until Iran “changes its behavior.” Trump did not specify what the increase in sanctions would entail.

On Iranian General Qassem Soleimani, who was killed by a Trump-ordered drone strike on Jan. 3, Trump said the Iranian “should have been terminated long ago.”

He concluded that “The United States is ready to embrace peace with all who seek it.”

Trump took no questions.