Trump: Iran's navy and air force have been completely destroyed and "lost their mine-laying capability"; the impact of the war on the stock market and oil prices is not as severe as expected.

On March 26, 2026, US President Donald Trump will convene a cabinet meeting and personally explain to the world via livestream the progress of military action against Iran, potential diplomatic agreements, and the subsequent impact on the global economy.

Destroying Iranian naval and air forces represents a military advance that "far exceeded expectations."

Regarding the current situation, Trump gave it extremely high praise during the meeting. He stated that the US military has significantly weakened Iran's military capabilities, with specific results including "the complete destruction of the Iranian navy and air force, most of its missiles and launchers, and 90% of its related facilities." Trump particularly emphasized that Iran has now lost its mine-laying capabilities, and that the overall progress of the military operation is "far beyond the previously announced four to six-week timeline."

However, he also issued a stern warning that if Iran refuses to reach an agreement, it will continue to face fierce attacks from the US military.

Trump claims Iran is "begging for talks" and hopes to reopen the Strait of Hormuz.

Despite the tough military approach, the door to diplomatic negotiations appears to have been opened. Trump repeatedly stated during the meeting that it is Iran "begging to make a deal," not the United States seeking peace. He predicted that military action against Iran would "end soon" and reiterated that the US goal is to try to reach the "right deal" to reopen the Strait of Hormuz, a critical global energy route.

Trump emphasized that the United States is ready to negotiate, but he is unsure whether it is truly willing or able to reach an agreement, provided that Iran demonstrates a "serious" attitude.

To appease global markets and oil prices

It is worth noting that Trump described the war with Iran as a "test" for NATO and warned that the United States would "remember" NATO's performance in the conflict.

Regarding the economic and market reactions, Trump attempted to reassure investors. He admitted that he had initially expected more severe stock market volatility due to the conflict, but currently, the decline in stock and oil prices appears to be "not as serious." He emphasized that the successful reopening of the Strait of Hormuz would effectively alleviate global energy pressures. Finally, he reiterated that the US military action had successfully deterred a potential threat from Iran to use nuclear weapons against Israel, regional countries, and the United States.

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