Hopes dim for quick end to Iran war after Trump speech
US President Donald Trump vowed to intensify military operations against Iran, dashing hopes for a swift end to the conflict. The announcement led to a surge in oil prices and a decline in stock markets, with investors seeking clarity on the conflict's timeline and impact on global energy supplies.
The US plans to increase military strikes on Iran in the next two to three weeks. This move is expected to escalate the conflict, which has already caused thousands of deaths and disrupted global energy supplies. The Strait of Hormuz, a vital oil conduit, remains closed. The international community, including the International Monetary Fund and World Bank, has warned of the war's substantial global effects. Trump's speech offered no clear timeline for ending the conflict, sparking concerns among investors and allies. The situation continues to deteriorate, with missile launches and rising energy costs.
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