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US President Donald Trump weighs all-out war on Iran but opts to stick with talks — WSJ

US President Donald Trump weighs all-out war on Iran but opts to stick with talks — WSJ

FXStreetFXStreet2026/07/01 01:04
By:FXStreet

US President Donald Trump has held multiple conversations in recent days with Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen. Dan Caine about a return to all-out war with Iran, but has opted to stick with diplomatic talks for now, the Wall Street Journal reported on Wednesday.

The officials said the conversations have centered on whether Washington should abandon negotiations and resume full-scale attacks on Iran. While not making a final decision, Trump believes another round of full-scale attacks could derail diplomacy and hurt Washington’s chances of ultimately dismantling Iran’s nuclear program.

Market reaction

At press time, the West Texas Intermediate (WTI) price trades 0.05% higher at around $69.97.

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