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    MarketForces Africa » Global Market » Trump Ends Deal with Iran, Cuts Off Trade with Spain

    Trump Ends Deal with Iran, Cuts Off Trade with Spain

    Julius AlagbeBy Julius AlagbeJuly 8, 2026Updated:July 8, 2026 Global Market No Comments2 Mins Read
    Trump Ends Deal with Iran, Cuts Off Trade with Spain
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    Trump Ends Deal with Iran, Cuts Off Trade with Spain

    US President Donald Trump said on Wednesday the memorandum of understanding signed with Iran to end the conflict was “over.”

    “It’s a very interesting question to me. I think it’s over,” Trump said on the sidelines of the NATO summit in Türkiye’s capital, Ankara, when asked whether the MoU is dead.

    “I don’t want to deal with them anymore. They’re scum,” he added.

    Also, Trump said that he does not want to do trade with Spain, calling it “a terrible partner” in NATO. “We don’t want to do any trade business with Spain anymore. By the way, I’d like you to cut it up.

    “Spain is a terrible partner in NATO. They don’t participate, they don’t pay. I don’t want anything to do with Spain,” Trump said.

    Trump also ordered Treasury Secretary Scott Bessent to cut off trade with Spain immediately. “Cut off all trade with Spain, please, including visits… I don’t want to do any more trade with them. All right, take it immediately,” he said.

    Trump reiterated that he is “not happy” with NATO over insufficient support during the war with Iran. #Trump Ends Deal with Iran, Cuts Off Trade with Spain Oil Prices Edge Higher on Fresh US, Iran Tensions

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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