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Trump Signals Possible End to US-Iran War Amid Rising Tensions

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Trump indicates US-Iran war could be ending as Middle East tensions rise, oil prices surge, and markets respond to renewed missile attacks

President Donald Trump indicated on Monday that US military operations in Iran could be nearing completion, describing the war as “very complete” and advancing ahead of schedule.

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Also read: Israel Intensifies Strikes on Iran Amid Escalating War

Trump’s remarks came amid fresh missile attacks from Iran under new leader Mojtaba Khamenei, targeting Gulf neighbours and signalling that the strategic Strait of Hormuz may remain closed.

Stock markets initially slumped and oil prices surged past $100 a barrel before Wall Street rebounded following Trump’s comments.

“I think the war is very complete, pretty much. They have no navy, no communications, they’ve got no air force,” Trump told CBS News, repeating assessments of battle damage he has previously shared.

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He added that US forces are “very far” ahead of his initial timeframe of four to five weeks.

Iranian troops launched new missile and drone strikes on Saudi Arabia, Bahrain, Qatar, the UAE, and Israel on Khamenei’s first day in power.

A missile targeting NATO member Turkey was intercepted by the alliance’s air defences, marking the second such incident in five days.

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The blockage of the Strait of Hormuz has driven benchmark oil prices to their highest levels since Russia’s invasion of Ukraine in 2022, triggering global inflation concerns.

French President Emmanuel Macron announced a “purely defensive” mission to reopen the strait once the “hottest phase” of the conflict ends, though experts warn that naval forces remain at risk from Iranian attacks.

Kamal Kharazi, a foreign policy adviser to Iran’s supreme leader, suggested that Tehran anticipates increased economic pressure could force international intervention to end the war.

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Meanwhile, Russia reportedly provides targeting intelligence to Iranian forces, and Tehran’s allies, including Hezbollah and Houthi groups, pledged allegiance to the new leader.

Trump expressed displeasure over Khamenei’s appointment, while Israel labelled the new supreme leader a “tyrant”.

Experts describe Khamenei as a hardliner involved in violent crackdowns over the last 15 years, signalling that the leadership change may not alter Iran’s defiance.

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The conflict has escalated across multiple fronts, including Lebanon and Israel. Israeli authorities reported at least one civilian death from missile shrapnel in Tel Aviv, while Lebanon documented 486 deaths and over 1,300 injuries since March 2.

Oil facilities in Bahrain and across the Gulf have declared force majeure, and shipping operations through the Strait of Hormuz have been disrupted.

Also read: Trump Defies Supreme Court With Aggressive 15% Global Tariff

The combination of renewed strikes, strategic bottlenecks, and escalating casualties has highlighted the ongoing global economic and geopolitical risks posed by the US-Iran war.

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Probe Into Fake Federal Agencies Not Over, ICPC Insists

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said its investigation into the alleged operation of fake federal agencies within the Federal Government is still ongoing, despite the reinstatement of two permanent secretaries suspended over the matter.

The commission maintained that it stood by its earlier findings that other purported fake agencies had been discovered during its investigations, adding that further action would be announced when the process was concluded.

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ICPC spokesperson, John Odey, disclosed this while responding to an enquiry on the status of the investigation in Abuja.

He said the commission was still examining the allegations and had yet to decide whether the findings would result in further court action.

“The ICPC stands by what it said about finding out in the course of our investigations that there were some other fake agencies. Investigations are ongoing.

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“As usual, when the ICPC is ready to either go to court or not to go to court, we would let you know. But for now, investigations are ongoing. Let it be on record that the ICPC stands by what it said before,” Odey said.

The commission had on August 21, 2026, announced the discovery of a purported fake federal agency operating under the name National Brands Development and Made in Nigeria Special Project Office.

The ICPC alleged that the organisation was promoted by George Buchi Nwabueze, with the suspected involvement of senior public servants in the Office of the Secretary to the Government of the Federation (OSGF).

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Following the disclosure, President Bola Tinubu ordered Nwabueze’s arrest and the suspension of three permanent secretaries: Mohammed Danjuma, Nandungu Gagare and Richard Pheelangwa.

The discovery emerged during the commission’s wider investigation into the activities of the purported Presidential Foreign Intervention Promotion Council (PFIPC), which was allegedly operated by Adeniyi Adeyemi Matthew.

The ICPC had earlier reported that its investigation into the PFIPC uncovered two other purported organisations allegedly linked to Adeyemi: the FCT Investment Promotion Agency and the Foreign Investment Promotion Agency and Public-Private Partnership.

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According to the commission, the investigation found that the PFIPC was not established by any law, executive order or other valid government instrument. It also alleged that documents presented to support the organisation’s existence, including an appointment letter, were forged.

The commission further said there was no evidence that Federal Government funds had been approved or disbursed to the purported council.

However, Nwabueze denied the allegation that the National Brands Development and Made in Nigeria Special Project Office was fake, insisting that the project office had existed within the OSGF since July 16, 2010.

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He questioned why an initiative that had allegedly been operating for 16 years was suddenly being described as fictitious.

Meanwhile, two of the three permanent secretaries suspended following the discovery have since been reinstated.

Mohammed Danjuma, Permanent Secretary, Finance (Special Duties), was reinstated following presidential approval conveyed in a letter dated October 22, 2026, by the Head of the Civil Service of the Federation, Olumuyiwa Abel. His reinstatement took effect on October 21.

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Similarly, Richard Pheelangwa, Permanent Secretary in the Ministry of Defence, resumed duty on November 3 after the Federal Government lifted his suspension.

The Minister of Defence, Christopher Musa, formally welcomed Pheelangwa back to the ministry, according to a statement by the minister’s media adviser, Leah Katung-Babatunde.

The reinstatements have, however, not brought the ICPC investigation to an end, as the commission says it is continuing efforts to establish the full circumstances surrounding the alleged operations of the purported agencies and identify anyone who may have facilitated them.

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