TRUMP SIGNALS IRAN WAR MAY BE WINDING DOWN

President says military campaign is effectively over, but nuclear questions remain unresolved.

President Donald Trump said Monday that the U.S. military campaign against Iran is effectively over, a notable shift in tone after months of fighting and international concern about a wider conflict.

The president made the remarks following a meeting with Qatar's prime minister. His comments suggest the White House is weighing diplomacy rather than an immediate return to large-scale strikes, but they did not amount to a formal peace agreement.

The question now is whether negotiations can produce a durable arrangement addressing Iran's nuclear program and regional security. Secretary of State Marco Rubio has cautioned that the sides remain far apart on important issues.

For energy markets, the possibility of de-escalation matters because the Persian Gulf and Strait of Hormuz are central to international oil shipping. A lasting reduction in tensions could ease risk premiums, although markets remain vulnerable to new incidents.

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