In the latest development within the ongoing US-Iran war, Donald Trump has declared victory. He posits that the US has already “won” the war against Iran. But he adds that the mission is not complete yet.
Trump Says America Won the US-Iran War
According to the latest reports, US President Donald Trump claims that the US has won the Iran war. However, he stressed that American forces will continue operations to “finish the job.” This signals that the conflict may not end immediately despite his victory claim.
Trump asserted that the US military destroyed much of Iran’s navy and air force within hours. He also noted that the operation wiped out the country’s radar systems and anti-aircraft defenses. “We won. In the first hour it was over,” stated the US President.
These statements come on the heels of the US’s warning about the most intense strike on Iran. As CoinGape reported yesterday, Pentagon chief Pete Hegseth asserted that the US would intensify its attacks against Iran.
Despite claiming victory, Trump remains unwilling to withdraw from the US-Iran war soon. He stated that the country must stay until the mission is fully completed. Signaling the country’s continued military operations until Iran is “virtually destroyed,” Trump stated,
“We don’t want to leave early do we? We got to finish the job… We don’t want to go back every two years.”
Iran Strikes Back Amid US Air Campaign and Oil Intervention
Following heavy airstrikes by the US, Iran had launched intense military attacks in retaliation. As CoinGape reported yesterday, the Iranian attack has impacted Bitcoin and oil prices significantly.
On Wednesday, Iran launched attacks targeting Israel and other locations across the Middle East. This indicates that the country is showing no intention to end the US-Iran war. As per reports, explosive-laden Iranian boats attacked two fuel tankers in Iraq’s waters. This move set them on fire, killing one crew member.
Market experts see Iran’s move as a stark reaction to the US intervention in the oil release. The IEA has agreed to release $400 million barrels of oil from global strategic reserves to calm surging prices. Trump stated that the release could “substantially reduce oil prices as we end this threat to America and the world.”
However, experts like Tony Sycamore believe that Iran’s attack is a sharp reaction to the U.S. and IEA’s oil release plan. He noted,
“This appears to mark a direct and forceful Iranian response to the IEA’s overnight announcement of a massive strategic reserve release aimed at cooling runaway prices.”
Oil Prices React as Middle East Tensions Continue to Rise
Global oil prices have been highly volatile amid the escalating conflict. Earlier this week, crude prices jumped close to $120 per barrel before falling back to around $90. However, prices climbed nearly 5% on Wednesday.
As the US-Iran war doesn’t seem to be slowing down, the oil prices continue to rise. Currently, the oil price is at $94, marking a notable surge of 8% in a day.
“Get ready for oil to be $200 a barrel, because the oil price depends on regional security, which you have destabilised,” stated Iran’s military command.