There was a call earlier in the week between Trump and Netanyahu and afterwards, Bibi seeming toned down his rhetoric. The latest from the WSJ picks up on that and says that “Israeli officials have become convinced President Trump could soon try to end the war” citing people familiar.
In light of that, Israel has shifted its focus to crippling Iran’s military-industrial base. It also says that Israel has already worked through its priority targets and is going back to hit some of them again to deepen the damage.
Also notable is that Israel took credit for killing the head of Iran’s navy today, so they’re clearly not just focused on the industrial side.
I get the sense that not even Netanyahu knows what Trump will do next, the same as everyone else but time will tell. For now, the market is showing some fear that the war could be expanded and prolonged, or that Trump doesn’t have the ability to end the war and reopen the Strait of Hormuz.
This article was written by Adam Button at investinglive.com.
