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Trump Signals End to U.S. War on Iran as Markets React

Financial Times Markets •
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Donald Trump said the United States is considering winding down its war against Iran as U.S. forces near their objectives. The former president posted on Truth Social that the military effort is almost finished, citing the elimination of Iran’s missile and naval capabilities. His remarks come amid a Pentagon buildup of thousands of troops and warships in the region today.

Trump’s comments triggered a sharp reaction in markets. The S&P 500 fell 1.5% on Friday, marking its fourth straight week of losses, while Brent crude rose to $112.19 a barrel, its highest close since July 2022. Oil‑price gains stoked inflation fears and pressured interest‑rate‑sensitive sectors, pushing the index into negative territory across nine of eleven sectors for investors today again.

The U.S. also warned that the Strait of Hormuz would need policing by users of the waterway, offering assistance if requested. Trump dismissed a ceasefire between the U.S., Israel and Iran, insisting that the allies should not halt the offensive. Investors now weigh the potential for a rapid de‑escalation against the risk of renewed hostilities and higher energy costs today.