Trump reportedly considers declaring Iran war over

President Trump is privately discussing declaring the Iran war over, according to the Wall Street Journal, as he reportedly weighs whether sustained economic pressure could force Tehran to dismantle its nuclear program or weaken the regime significantly.
A formal declaration that active hostilities are over would represent a major de-escalation signal after a period of elevated geopolitical risk across the Middle East.
For energy markets, a credible reduction in conflict risk could remove part of the geopolitical premium embedded in $WTI, although uncertainty around sanctions, regional security and future military action would remain.