Key insights
- French Foreign Minister expresses concern over President Trump's threats against Iran, fearing escalation in the region and globally. This geopolitical risk could negatively impact US equities due to potential oil price shocks and broader market uncertainty.
PARIS, April 7 (Reuters) - French Foreign Minister Jean-Noel Barrot said on Tuesday that he hoped U.S. President Trump would not go ahead with his latest threats against Iran.
"One does not erase a civilisation...This ultimatum is not the first that President Trump has set since the war started," Barrot told France 2 television.
"Obviously I hope he does not go ahead with his threats that would push the region but also the world in a new escalation that would be particularly dangerous," he added
Trump on Tuesday threatened that "a whole civilization will die tonight" as Iran showed no sign of accepting his ultimatum to open the Strait of Hormuz by Tuesday evening.