“We have all the cards. They have none.”
In a major prime-time address from the White House, President Donald Trump has officially outlined his latest decisions and the next steps regarding the ongoing U.S. military conflict with Iran. Here is everything you need to know about the current situation, the military updates, and how it is impacting the world.
The Military Update: “Nearing Completion”
Since the U.S. and Israel launched military operations in late February 2026, the conflict has dominated global headlines. In his recent 19-minute national address, President Trump claimed that the month-long war is a success and is “on the cusp of ending.” He stated that the U.S. has accomplished almost “all of America’s military objectives,” claiming that Iran’s navy, communications, and air force have been heavily decimated. While he indicated that the U.S. will continue to hit targets “extremely hard” for the next two to three weeks, he suggested that the primary combat phase is winding down.
The Uranium Controversy
One of the most heavily debated moments of the President’s latest updates involves Iran’s stockpile of highly enriched uranium. Preventing Iran from obtaining a nuclear weapon was initially presented as a major justification for the war. However, in a recent interview, Trump downplayed concerns about the remaining 440kg stockpile. He stated that he “doesn’t care” about it because it is buried deep underground. *”We’ll always be watching it by satellite,”* he assured, adding that if Iran makes any move toward the stockpile, the U.S. will strike again.
The Global Economic Fallout
While the administration claims military success, the economic consequences are being felt across the globe:*
The Strait of Hormuz:
Commercial shipping through this critical waterway—which handles 20% of the world’s oil supply—has effectively ground to a halt due to Iranian drone threats and mine risks.
Surging Oil Prices:
Because of the blocked strait, Brent crude oil prices have jumped past $106 a barrel.
Local Impacts:
The ripple effect is hitting local economies hard. For example, countries heavily reliant on imported energy, like Pakistan, have had to drastically hike gas and diesel prices (by over 40-50%) in response to the volatile international market.
What Happens Next?
Despite the administration’s confident messaging, the long-term plan remains unclear. The U.S. has successfully degraded Iran’s conventional military, but lawmakers and global analysts are now questioning how the U.S. plans to reopen the Strait of Hormuz and stabilize the global economy. For now, the world watches as the 32-day military campaign enters what the President calls its final weeks, hoping for an end to the global economic disruption.