President Donald Trump declared the war with Iran 'very complete' and 'far ahead of schedule' during a press conference at his Trump National Doral club near Miami, Florida. Speaking to CBS News, he asserted that Iran's military capabilities have been significantly diminished, stating they have 'no navy, no communications, they’ve got no air force.'
Key Takeaways
President Donald Trump has declared that the war with Iran is 'very complete' and ahead of schedule during a press conference in Florida. The economic toll of the joint US-Israeli operation has disrupted global oil trade, causing fluctuations in financial markets.
- President Trump claims Iran's military capabilities are decimated
- Global oil prices fluctuate amid supply disruption fears
- Financial markets react positively to Trump's remarks
- Strait of Hormuz remains a critical point of contention
The economic toll of the joint US-Israeli operation has disrupted global oil trade, causing fluctuations in financial markets. Trump's remarks had an immediate impact, calming mounting global supply disruption fears and sending the price of crude oil plummeting back below $100 per barrel from highs of as much as $119.50 earlier Monday.
Trump warned Tehran over threats it has made to attack any vessels attempting to transit the Strait of Hormuz, a critical shipping passageway that has been all but shut since the war began. He claimed the key waterway is now open but said he was still weighing using the U.S. military to take it over and potentially escort ships through the strait.
Despite his initial claims, Trump appeared to walk back his assertion that the war would be over soon during a Republican Party event in Florida. He stated there was more to do, saying 'We've already won in many ways, but we haven't won enough.'
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