Trump Ready to End Iran War with Hormuz Closure, US Stock Futures Spike 1%

BlockBeats News, March 31st. According to The Wall Street Journal, U.S. government officials revealed that President Trump has informed his aides that he is willing to end U.S. military actions against Iran even if the Strait of Hormuz remains largely closed. This move could prolong Tehran's firm control over the waterway and leave the reopening of the strait as a complex operation to be dealt with later. Recently, Trump and his aides assessed that unblocking this critical passage would escalate the conflict beyond his set timeline of four to six weeks.

Trump has decided that the United States should focus on weakening the Iranian navy and missile stockpiles as a primary objective, gradually winding down the current hostilities, while pressuring Iran through diplomatic channels to restore free trade. Officials stated that if this approach fails, Washington will pressure European and Gulf allies to take the lead in reopening the strait. They noted that Trump could also opt for a military option, but it is not his current priority. (FXStreet)

In response to this news, according to Bitget data, U.S. stock index futures saw a brief 1% spike, Nasdaq futures currently up 0.5%; WTI crude oil erased its intraday gains to fall by 1%; gold edged up slightly, with gains expanding to 0.8%.