Trump Talks Tough to Iran and Multiple Middle East Countries. Pushing Middle East “Grand Alliance” to Sign Abraham Accords; Three Major US Index Futures Surge Across the Board

Tradingkey - On May 25, the U.S. stock market was closed for the Memorial Day holiday; precious metals and U.S. oil futures contracts under the Chicago Mercantile Exchange (CME) ended trading early at 02:30 Beijing time on the 26th, while U.S. stock and Treasury futures contracts ended trading early at 01:00 Beijing time on the 26th. Brent crude oil futures contracts under the Intercontinental Exchange (ICE) ended trading early at 01:30 Beijing time on the 26th.

On the same day, the Hong Kong stock market was closed for the Buddha's Birthday holiday, and the South Korean stock market was also closed for the day.

Futures for the three major U.S. stock indices saw significant gains, with Dow Jones futures rising 0.91% to 51,121 points; S&P 500 futures up 0.91% at 7,559 points; and Nasdaq 100 futures climbing 1.32% to 29,949 points.

Both crude oil futures plunged by over 5%, with WTI crude oil front-month futures dropping 5.78% to $91, and Brent crude oil falling 5.2% to $95.

Spot gold prices saw a slight recovery, recently quoted at $4,569, up 1.33%, with the price returning above the 5-day moving average.

Regarding the news, Trump stated in his latest post on Truth Social that he is using negotiations with Iran as leverage to strongly demand that multiple countries in the Middle East and surrounding regions sign the Abraham Accords, in an attempt to create an unprecedented Middle East alliance that includes Iran.

U.S. President Trump stated in the original post: "Negotiations with Iran are progressing well! The final result will be either a 'Great Deal' of immense value to all parties, or 'No Deal' at all—in which case, we will return to the front lines, and the guns will fire again, with a scale and intensity far greater and more violent than ever before—something no one wants to see! On Saturday, during talks with leaders from several Middle Eastern countries, I clearly pointed out: given the tremendous effort the U.S. has put into integrating this extremely complex 'puzzle,' it is now appropriate to establish a mandatory requirement—that all the aforementioned countries must, at least at the same point in time, jointly sign the Abraham Accords."

"The countries I mentioned include: Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Turkey, Egypt, Jordan, and Bahrain. Perhaps one or two of these countries will have legitimate reasons not to sign for the time being, which we can understand and accept; however, the vast majority should be prepared, willing, and able to participate, making this reconciliation agreement with Iran an even more significant historic event than originally envisioned. Furthermore, if Iran were to sign the relevant agreement with me—the President of the United States of America—I would be deeply honored and would welcome them to join this unparalleled global alliance."