Donald Trump says Iran war could be over soon, but oil disruption would trigger harsher U.S. strikes

Trump suggests a potential quick end to the Iran war, but warns of severe U.S. responses to oil supply disruptions.

U.S. President Donald Trump said on Monday (March 9) that the war against Iran could be short-lived, but he left open the possibility of an escalation in fighting if global oil supplies are disrupted by the Islamic Republic, which chose a new hard-line supreme leader.

Oil prices briefly shot to their highest level since 2022 a day after Iran selected Ayatollah Mojtaba Khamenei to succeed his late father as Iran's supreme leader. Investors saw it as a signal that Iran was digging in 10 days into the war launched by the United States and Israel.

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But prices later fell and U.S. stocks rose on hopes that the war with Iran may not last much longer.

"We took a little excursion" to the Middle East "to get rid of some evil. And, I think you will see it is going to be a short-term excursion", Mr. Trump told Republican lawmakers at his golf club near Miami.

Hours later, Mr. Trump posted on social media: "If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far."