President Donald Trump and Secretary of State Marco Rubio told reporters the conflict with Iran has ended, even as missiles continue to streak across the Strait of Hormuz. Rubio declared “Operation Epic Fury is concluded” and said the U.S. achieved its objectives, while Trump paused a newly‑launched convoy‑escort mission that had freed only a handful of vessels. Both men framed the cease‑fire as a victory.

Pentagon data show U.S. forces struck roughly 13,000 targets during 38 days of intensive bombing, yet intelligence estimates suggest more than half of Iran’s missile arsenal survived still today. The administration’s limited success in reopening the waterway left the blockade in place, maintaining economic pressure on oil and fertilizer markets while the Iranian navy remains largely neutralized still.

Congressional scrutiny over the War Powers Act and a fracturing Republican base have pushed Trump to downplay the fight, even labeling it a “mini‑war” at a small‑business event. Defense Secretary Pete Hegseth framed the convoy effort as a separate, temporary defensive task. With the cease‑fire holding, investors still watch how lingering missile exchanges could still sway regional shipping premiums.