Iran war 'very close to over,' Trump says — and the stock market 'is going to boom'

• Trump claimed the U.S. has 'beaten them militarily, totally' and believes Iran wants to make a peace deal, with fresh talks in Islamabad potentially happening within two days
• The U.S. has fully implemented a blockade of the Strait of Hormuz, completely cutting off Tehran's international sea trade and disrupting global oil supplies
• Trump downplayed market turbulence and rising oil prices caused by the war, predicting the stock market will boom when hostilities end

Summary

Key Developments:

President Donald Trump declared the U.S.-Iran war is "very close to over," asserting that U.S. forces have "beaten them militarily, totally" and that Tehran is eager to reach a peace agreement. Trump predicted the "stock market is going to boom" once hostilities end, claiming it's "already booming."

Diplomatic Efforts:

Despite failed peace talks last weekend, administration officials indicated a second round of negotiations between Washington and Tehran is under discussion. Trump told the New York Post that fresh talks in Islamabad "could be happening over the next two days," revising his initial estimate of slower European negotiations. A fragile two-week ceasefire is set to expire next week.

Military Operations:

The U.S. has fully implemented a blockade of the Strait of Hormuz, a critical maritime passage controlled largely by Iran. U.S. Central Command confirmed the blockade is "completely" cutting off Tehran's international sea trade, preventing ships from entering or exiting Iranian ports.

Market Impact:

Trump downplayed market turbulence caused by the conflict and predicted oil prices, which have surged due to supply disruptions, would soon decline. Growing market optimism surrounds potential diplomatic solutions despite ongoing military pressure.

Strategic Justification:

Trump defended military operations, stating: "We have to stop them from ever having a nuclear weapon." He warned that if the U.S. withdrew immediately, it would take Iran "20 years to rebuild."

The situation remains fluid with diplomatic channels potentially reopening while economic pressure intensifies through the naval blockade.