Breaking: Trump Declares Victory in Iran War, Vows to ‘Finish the Job’

Coingapestaff
Updated
Coingapestaff

Coingapestaff

Journalist
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Read full bio
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
US-Iran Tensions Spike as Trump Sets 48-Hour Deadline on Strait of Hormuz Blockade

Highlights

  • Trump declares US has “won” the Iran war but will continue operations.
  • Iran retaliates with attacks on tankers and Middle East targets.
  • Oil prices surge amid conflict and IEA strategic reserve release.

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. This indicates that the US President intends to continue with the war, despite announcing victory. 

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.

Breaking: Trump Declares Victory in Iran War, Vows to ‘Finish the Job’
Oil Price Surges; Source: Trading Economics

 “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.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
AD
BestChange

Instant Currency Exchange at BestChange with Ease

  • Compare Rates Across 1000+ Exchanges
  • Access 250+ Cryptocurrencies & Pairs
  • Save Time with Real-Time Price Tracking
BestChange

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Newsletter
Your crypto brief.
Delivered every day.
  • Insights that move markets
  • 100,000 active subscribers
By signing-up you agree to our Terms and Conditions and Privacy Policy.
About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.