Trump: ‘I call the shots’ on Iran deal; bitcoin up 5%

Israeli strikes on sites in south Beirut linked to Hezbollah killed two people and injured at least 20 on Sunday evening, June 7. Iran’s Islamic Revolutionary Guard Corps responded with what it described as “warning strikes.” Bitcoin initially fell from about $62,000 to $61,200 before reversing and climbing roughly 5%.

In an interview later that evening, President Trump said he had called Israeli Prime Minister Benjamin Netanyahu to urge him not to retaliate. He added he was “not happy” with Israel’s strikes and that the attacks had not been coordinated with the United States.

Trump declared, “I call the shots. I call all the shots. He doesn’t call the shots.” He also said Netanyahu “won’t have any choice” but to accept any agreement Washington reaches with Iran, described the Iran deal as “almost complete” and expected an announcement at the start of the new business week.

Price action moved in sequence: an initial drop after the Beirut strikes, a recovery as immediate tensions eased, and a stronger rally after the president’s interview. Market participants reported the changes unfolding in real time.

Bitcoin remains about $20,000 below its mid-May peak near $82,000. Since mid-May, prices have moved alongside changes in geopolitical tensions and in expectations for further Federal Reserve interest-rate increases.

Markets will open Monday with attention on whether the White House issues a formal statement and on communications between Washington, Jerusalem and Tehran. Investors will monitor those developments for potential effects on risk assets, including cryptocurrencies.