Ammon News - President Donald Trump said Monday that US military operations in Iran would be ending soon, reassuring markets that have been thrust into chaos by a war still reverberating across the Middle East.

The war had sent stock markets slumping and oil prices soaring on Monday as Tehran, under new leader Mojtaba Khamenei, fired a fresh barrage of missiles at its Gulf neighbours and signaled that the strategic Strait of Hormuz would likely remain closed.

But Wall Street climbed into positive territory on Trump's signals of a short war, with Tokyo and Seoul also opening strongly Tuesday, despite the president's continued threats to expand the campaign if Iran did not fall in line.

Oil prices also reversed course, falling as much as five percent a day after benchmark crude rocketed past $100 a barrel its highest level since Russia's invasion of Ukraine in 2022.

"It's going to be ended soon, and if it starts up again they'll be hit even harder," Trump told a news conference in Florida, after telling lawmakers that the campaign would be a "short-term excursion."

Iran's Revolutionary Guards replied Tuesday that they, not the Americans, would "determine the end of the war".

France 24 + AFP