Iran Was Never Going To Do a Deal Says Nikki Haley

Summary

Nikki Haley forcefully argues that Iran never intended to reach a nuclear deal and that the US should stop negotiating and finish its military campaign by targeting Iran's finances, including seizing Kharg Island, the source of Iranian oil revenues. She also advocates pressuring China and Russia for their support of Iran, warns about the unsustainability of US debt, and briefly comments on Cuba and domestic politics. The key market implication is heightened geopolitical supply risk in crude oil.

• Nikki Haley says Iran will never give up its nuclear ambitions and only seeks to survive and rearm.
• She calls on Trump to stop negotiating and 'finish what you started' by targeting Iranian finances.
• Kharg Island is identified as the critical oil revenue source and will need to be militarily addressed.
• She advocates going after China and Russia through sanctions and cracking down on shadow banking for Iran.
• Haley warns US national debt is $39 trillion and will leave no fiscal cushion in the next recession.
• She sees Cuba under sanctions pressure but no US military intervention, while Venezuela will see progress after Maduro.
• Domestic politics discussed include primaries, the power of Trump's endorsement, and the need for FISA renewal.