- Donald Trump said the conflict with Iran is largely finished ahead of schedule
- The US president claimed Iran’s military capabilities have been heavily weakened
- Markets, including crypto, are closely watching developments around the Strait of Hormuz
United States President Donald Trump said Monday that the conflict involving Iran is now “pretty much” complete, signaling that military objectives may have been achieved sooner than expected. Speaking to CBS Senior White House Correspondent Weijia Jiang, Trump suggested that Iran’s military capabilities have been significantly degraded during the conflict.
According to Trump, the situation has progressed far faster than the administration initially anticipated. Earlier projections suggested the conflict could last four to five weeks, but the president said the United States is already “very far ahead” of that timeline. He also claimed Iran’s naval, air, and communications capabilities have been severely impacted during the fighting.
Trump Says Iran’s Military Is Severely Weakened
During the interview, Trump described Iran’s remaining military capacity as extremely limited. He stated that the country has effectively lost its navy, communications systems, and air force, though independent verification of those claims has not been publicly confirmed.
Trump also issued a warning about potential retaliation. He said Iran had already “shot everything they have to shoot,” and cautioned that any further escalation would lead to serious consequences.
Strait of Hormuz Remains a Key Concern
The president also addressed concerns about the Strait of Hormuz, one of the world’s most critical oil shipping routes. Trump said that vessels are currently still passing through the waterway, but indicated that the United States is considering stronger control over the strategic corridor.
Control of the Strait of Hormuz is closely monitored by global markets because a disruption could significantly affect energy prices and global trade. Rising oil prices and geopolitical tensions have already added volatility to financial markets in recent weeks.
Leadership Changes in Iran Mentioned
Trump also hinted at possible leadership developments in Iran. He suggested that he already has someone in mind to replace the newly selected Iranian Supreme Leader Ayatollah Mojtaba Khamenei, though he declined to provide further details.
Such comments could further raise tensions in the region, as leadership decisions within Iran are traditionally handled internally and are highly sensitive politically.
Global Markets, Including Crypto, Remain Alert
Geopolitical conflicts often influence financial markets, and digital assets are no exception. Escalations in the Middle East have recently contributed to increased volatility across stocks, commodities, and cryptocurrencies.
If the conflict continues to de-escalate as Trump suggested, it could stabilize broader market sentiment. However, uncertainty around the Strait of Hormuz and regional leadership changes means investors are likely to remain cautious in the near term.
