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Market Chatter: Iran Armed Forces Say Trump's Threats Sign of 'Strategic Desperation'

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Iran's General Staff of the Armed Forces hit back against US President Donald Trump's threats to the country in his address to the UN General Assembly on Tuesday, saying the repeated threats were a sign of the country's strategic desperation, Iran's Mehr news agency reported Wednesday, citing a statement.

The remarks are an indication of America's strategic dead end in its conflict with Iran and the repeated threats and unsubstantiated claims amid US military exhaustion reflect strategic desperation rather than strength, the General Staff of the Armed Forces and the Khatam al-Anbiya Central Command said in a statement.

On Tuesday, President Donald Trump told the UN General Assembly that he faces a "big decision" over whether to launch another strike on Iran and "annihilate" the country or pursue a peace deal.

"Will a deal be made with Iran that lets them rebuild and create a far greater country than it ever was before?," he said. "Or do I annihilate the Islamic Republic and do it quickly, never giving them a chance to kill and destroy people and countries again? Do I drive them into hell?". Trump followed this by saying he believed a deal will be made with Iran after the November elections.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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