President Donald Trump stated he has no regrets about starting the Iran war, emphasizing that he would make the same decision again if given the chance. In an interview with Fox News presenter Laura Ingraham, Trump justified his actions by citing the potential threat of Iran acquiring a nuclear weapon, which he claimed could result in the destruction of Israel, the Middle East, and attacks on U.S. cities. Trump also addressed concerns about the war's impact on the upcoming midterm elections, asserting that the conflict was necessary despite any political consequences [1].
Markets are reportedly bracing for a prolonged Iran war, following a Wall Street Journal report that top White House advisors discussed with Trump the possibility that the conflict could extend beyond his current term. However, Trump has maintained that the war will end immediately after the midterm elections and that oil and gas prices will subsequently fall, reiterating his longstanding claims that the conflict will conclude soon [1].
On the economic front, the U.S. is intensifying efforts to isolate Iran financially. Treasury Secretary Scott Bessent announced that new sanctions targeting a 'large bank' will be implemented on Monday, coinciding with the anniversary of 9/11. Bessent also revealed that the administration has sanctioned and closed the Dubai branches of Egypt's second largest bank for allegedly providing Iran with $1.8 billion, and has sanctioned the largest Turkish bank involved with Iran, though he did not specify the bank's name [1].
In response to Iranian claims of damaging multiple U.S. fighter aircraft at a base in Jordan, Trump denied any such damage, stating, 'No damage. No nothing.' When questioned about Iran's ability to withstand ongoing economic pressure, Trump expressed doubt, suggesting that the situation would be resolved after the elections or possibly sooner [1].
CONCLUSION
President Trump's unwavering stance on the Iran war and the announcement of new sanctions signal continued geopolitical and economic uncertainty. Markets are preparing for the possibility of a prolonged conflict, though Trump insists resolution is imminent after the midterms. The U.S. administration's focus on financial isolation of Iran is expected to intensify in the coming days.