The president told the Financial Times he 'calls all the shots,' with a US-Iran agreement reportedly near completion and crypto markets responding in kind.
President Donald Trump told Israeli Prime Minister Benjamin Netanyahu that he “won’t have any choice” but to comply with a US-brokered deal on Iran, a blunt assertion of American leverage over its closest Middle Eastern ally that sent ripples through both geopolitical and financial markets over the weekend.
The remarks, delivered during a Financial Times interview conducted June 7-8, 2026, came as Trump described the US-Iran agreement as “almost complete.” An announcement is expected soon, potentially within days of the interview.
Trump’s ‘I call all the shots’ moment
In the interview, Trump stated plainly that he “calls all the shots” on US foreign policy regarding Iran. US-Iran negotiations have been grinding along since 2025, touching on sensitive issues like a 3.67% enrichment limit on Iran’s nuclear activities and potential sanctions relief.
Tensions between Israel and Iran had escalated significantly in early 2026, with a series of strategic bombing campaigns launched by both the US and Israel against Iranian targets in February. Following Trump’s intervention, Israel has paused its planned strikes.
Markets respond to de-escalation signals
Bitcoin climbed roughly 5% to approximately $64,000 on June 8, 2026, as traders interpreted the ceasefire signals as broadly positive for risk assets.
Oil prices told a more complicated story. Brent Crude surged over 4.8% to $97.58 per barrel. The February 2026 bombing campaigns introduced real supply risk, and near-term uncertainty around whether a deal actually closes kept crude elevated.
What this means for investors
If the US-Iran deal does close, the sanctions relief component could reshape energy pricing. If Iranian oil returns to global markets in volume, it could affect inflation expectations, central bank policy, and the rate environment. Trump’s own first-term withdrawal from the JCPOA in 2018 demonstrated how fragile these frameworks can be.
