Key facts
- President Donald Trump claimed Washington has "ended the war in Iran."
- Trump stated a formal peace treaty with Iran will be signed in the coming days.
- Trump previously vowed to take "total control" of Iran's oil and gas markets.
- President Trump had threatened to strike Iran "very hard tonight" and seize its oil infrastructure.
- Trump expressed a desire to take Kharg Island but questioned American appetite for such an action.
U.S. President Donald Trump asserted that Washington has "ended the war in Iran" and that a formal peace treaty will be signed in the coming days. These declarations follow previous threats made by Trump to seize Iran's oil infrastructure, including Kharg Island, stating he would take "total control" of the nation's oil and gas markets. The U.S. military has reportedly been working to bypass Iran's control of oil shipments in the Strait of Hormuz, with over 100 million barrels of oil having evaded Iran's chokehold. Iran's Foreign Ministry has indicated that recent U.S. attacks have rendered a ceasefire "meaningless."