Trump has promised a speedy end to the war with Iran and the lifting of oil-related sanctions
The restrictions, however, will be lifted only temporarily
The war with Iran will not end this week, Donald Trump has said / Photo: The White House
The US war with Iran will end "very soon", although not this week, Donald Trump has said. He also said that the U.S. will lift oil-related sanctions for the duration of disruptions in global oil exports caused by the war. Trump did not specify which countries would be affected. Earlier, CBS distributed Trump's comment that "the war is almost over," which caused enthusiasm in the stock and energy markets.
Details
US President Donald Trump predicted a "very soon" end to the war with Iran during a press conference in Florida on March 9. The broadcast was hosted by the White House's YouTube channel. When asked by a reporter if the conflict would end this week, Trump replied, "No, but soon, very soon." The US operation is ahead of schedule, he added.
The U.S. president also said he would lift some oil-related sanctions to ensure supplies and lower prices after a spike caused by the war in Iran. Tehran has effectively closed the Strait of Hormuz, which connects the Persian Gulf to the ocean and through which up to a quarter of the world's flow of crude normally passes.
"We have imposed sanctions on certain countries. We will lift those sanctions until the Strait of Hormuz opens," Trump said (quoted by Reuters)
Trump did not name specific countries whose sanctions would be eased. But in early March, the U.S. issued a temporary 30-day authorization allowing India to purchase Russian oil already at sea, Reuters recalled.
Context
Earlier on Monday, CBS White House correspondent Weijia Jiang published a quote from Trump from a phone interview saying, "I think the war is pretty much over." According to the reporter, Trump added that the U.S. is "very much" ahead of his original projections of four to five weeks for the duration of the operation against Iran.
This caused an extremely positive reaction on the US stock market. The main indices, which had been declining all day, sharply switched to growth. The cost of Brent crude oil, which rose to almost $120 per barrel on Monday morning, was falling below $84 per barrel after the publication of the CBS correspondent.
U.S. stock futures were down about 0.3 percent after Trump's statements at the press conference.
This article was AI-translated and verified by a human editor
