Trump’s Iran tweet quickly and deservedly became an ALL-CAPS meme

US President Donald Trump and his Iranian counterpart Hassan Rouhani have indulged in a round of threats and counter-threats. AFP Reuters

Traders appeared to take the news in stride.

Benchmark Brent crude oil LCOc1 rose 42 cents a barrel to $73.49 by 10:26 a.m. EDT (1426 GMT), after earlier strenghtening to a high of $74.50.

The tweet follows an apparent warning issued by Iran's President in which he said Americans "must understand that war with Iran is the mother of all wars and peace with Iran is the mother of all peace". "America should know that peace with Iran is the mother of all peace", he said.

"He is not in a position to act against Iran", General Gholam Hossein Gheypour added, according to ISNA.

As the New York Times noted,"last month the United States said it would impose sanctions on all exporters of Iranian oil".

Since Trump pulled out of the deal, other nations involved — Germany, Britain, France, Russia and China as well as the European Union — have reaffirmed their support for the deal and have been working to try and keep Iran on board.

Following the U.S. withdrawal from the Iran nuclear accord that stunned even Washington's closest European allies, Pompeo on May 21 unveiled a "new strategy" meant to force Iran to yield to a dozen stringent demands. But world powers were unable to offer concrete proposals, and diplomats have warned there may be little they can do.

Current and former USA officials said the campaign painted Iranian leaders in a harsh light, at times using information that is exaggerated or contradicts other official pronouncements, including comments by previous administrations.

Mike Pompeo said the Iran regime has been a nightmare for its people. AFP
Mike Pompeo said the Iran regime has been a nightmare for its people. AFP

"I spoke to the President over the last several days, and President Trump told me that if Iran does anything at all to the negative, they will pay a price like few countries have ever paid before", Bolton said in a written statement.

"Such policies will unite Iranians who will overcome plots against their country", Iranian Foreign Ministry spokesman Bahram Qasemi said.

Trump's comments came after Pompeo, in a major address to the Iranian diaspora in California, said Washington was not afraid to sanction top-ranking leaders of the "nightmare" Iranian regime.

"Threats make us more unified". It was the only new policy initiative Pompeo unveiled.

"This seemed to just come out of nowhere, and I think I'm concerned about how fast this is developing", he said.

The Trump administration described its approach to North Korea in the same terms.

"They express themselves through speeches since diplomatic channels are closed", he said. He cited President Ronald Reagan's 1982 Westminster Speech in which he challenged the Soviet Union and warned that its ideology would be left on the "ash heap of history".

The rapid backlash from Tehran marked some of the harshest exchanges between Iran's leadership and Washington since the Trump administration exited the 2015 Iran nuclear deal in May and moved to reimpose sanctions on Iran. And he hinted that the country could also affect oil shipping through the Strait of Hormuz in the Persian Gulf, if Iran comes under attack.

North Korea to grant special amnesty in August. Why?
The North Koreans informed the USA delegates that they'll return 50 to 55 sets of remains of US servicemembers, the official said. The official wished to remain anonymous as, while the efforts are multi-departmental, the U.S.

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