Trump claims Iran war ending

President Donald Trump has expressed confidence that the war with Iran is very close to being over, citing significant progress in back-channel negotiations.

While a two-week ceasefire remains in place, mediators from Pakistan and Qatar are working to secure a long-term extension to prevent a return to full-scale hostilities.

However, the U.S. Navy has fully implemented a blockade of Iranian maritime trade, leading to a tense standoff as Tehran threatens to retaliate by closing the Red Sea.

Markets have responded with a relief rally, though analysts remain cautious about the potential for a sudden escalation before a formal agreement is signed.