Trump is calling leaders to ask them to cut ties with IranWants 'zero leakage' on sanctionsCountries will ahve a finite timeline to shut down activities we have identified, if they don't we will use Treasury authoritiesWill not set specific timelines for cutting ties, we don't have infinite patienceEvery country should be prepared to face US sanctions if they support IranI expect a major financial institution to be sanctioned this weekDo not take use of secondary sanctions lightlyWould like Canada to come to the table and negotiate in good faithI'm surprised to see oil lower today. There is a real debate on how much oil Iran is blocking in the Strait but eventually it's a number that matters and the US has entered some kind of war of attrition.On the bond market, says Treasury hasn't bought back a single bond yet btu the first operation will be Sept 9. This article was written by Adam Button at investinglive.com.