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Trump’s Iran remarks leave markets guessing

Mar 30, 2026, 04:06 GMT+1
US President Donald Trump delivers remarks at the Future Investment Initiative (FII) Institute's summit at the Faena Forum in Miami Beach, Florida, US, March 27, 2026.
US President Donald Trump delivers remarks at the Future Investment Initiative (FII) Institute's summit at the Faena Forum in Miami Beach, Florida, US, March 27, 2026.

US President Donald Trump offered an upbeat but confusing picture of his approach to Iran on Sunday, saying a deal could come soon even as he floated the possibility of seizing Iranian oil and hinted at military options that could deepen the conflict.

Speaking to reporters aboard Air Force One, Trump said Washington was making progress in “direct and indirect” negotiations with Tehran and that a deal could emerge quickly.

But he also said he would like the United States to “take the oil in Iran” in an interview with the Financial Times, floating the idea of seizing Kharg Island, the terminal through which most of Iran’s crude exports pass.

“I could only say that we’re doing extremely well in that negotiation. But you never know where they’re at, because we negotiate with them, and then we always have to bomb them,” he told reporters.

“I think we’ll make a deal with them, pretty sure. But it is possible we won’t.”

Markets have struggled to interpret the shifting signals. Oil prices have surged more than 60 percent over the past month amid fears the war could disrupt global energy supplies, with Brent crude trading near $116 a barrel.

Hours before Trump’s remarks, Iran’s parliament speaker Mohammad Bagher Ghalibaf posted a cryptic message on social media using trading jargon that many interpreted as a jab at the US president and his announcements.

“Pre-market so-called ‘news’ or ‘Truth’ is often just a setup for profit-taking. Basically, it’s a reverse indicator,” he wrote. “Do the opposite: If they pump it, short it. If they dump it, go long.”

Ghalibaf has been mentioned in several unofficial reports as playing a leading role in contacts with Washington. Trump referred to him in the FT interview, saying he had authorised more Pakistan-flagged ships to pass through the Strait of Hormuz.

Aboard Air Force One shortly afterward, Trump suggested that “regime change” had effectively already taken place and that he was now dealing with “professionals.”

“We’re dealing with different people than anybody’s dealt with before. It’s a whole different group of people,” he said. “So I would consider that regime change, and frankly they’ve been very reasonable.”

But the president’s remarks left observers unsure whether diplomacy or escalation would shape the next phase of the conflict, which shows little sign of subsiding after a month of fighting.

Pakistan has renewed its offer to mediate between Washington and Tehran. Prime Minister Shehbaz Sharif said after talks with the foreign ministers of Turkey and Egypt that Islamabad stood ready to help bring both sides to the negotiating table.

The Wall Street Journal reported that Trump is weighing a plan that could involve US forces entering Iran to seize its stockpile of enriched uranium, a move that would represent a dramatic escalation if pursued.

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