Trump Says The U.S.-Iran War Could End Soon, Mulls Taking Over Strait Of Hormuz

U.S. President Donald Trump has stated that the U.S.-Iran war could end soon as the U.S. is way ahead of its timeline for ‘Operation Epic Fury.’ Bitcoin bounced on the back of the president’s statement, climbing above $69,000 again after briefly retracing to the lower $68,000 range.

Trump Says U.S.-Iran War Is “Pretty Much Complete”

In a phone interview with CBS White House Correspondent Weijia Jiang, the U.S. president said that the war could be over soon. “I think the war is very complete, pretty much. They have no navy, no communications, they’ve got no Air Force,” Trump told Jiang.

Trump added that the U.S. is far ahead of the 4 to 5 week time frame they estimated for the operation against Iran. Meanwhile, he revealed that he has someone in mind to replace the newly elected supreme leader, Mojtaba Khamenei. WSJ had earlier reported that Trump had told his aides that he was willing to back the killing of the Supreme Leader if he didn’t agree to their terms as part of a potential negotiation to end the U.S.-Iran war.

The U.S. president also commented on the Strait of Hormuz, noting that ships are moving through now but that he is considering taking over the major oil chokepoint. “They’ve shot everything they have to shoot, and they better not try anything cute, or it’s going to be the end of that country,” he said.

Bitcoin price climbed above $69,000 on the back of the president’s statements. TradingView data shows that the leading crypto is currently trading at this psychological level. BTC had retraced to $68,000 prior to Trump’s latest remarks on the U.S.-Iran war.

Oil prices sharply fell following Trump’s statement. TradingView data shows that WTI futures are currently trading at around $86, down over 5% today. For context, oil prices surged to as high as $118 earlier today. It is worth noting that oil prices had begun crashing from earlier in the day on reports that the G7 countries were considering releasing barrels of oil to help stabilize the market.