US President Donald Trump stated on August 17 that he has no definitive timeline to end the war with Iran, a conflict that has lasted nearly six months and sent global energy markets into sustained turmoil. He issued a blunt ultimatum to Tehran, calling on the country to surrender by putting up the white flag. The war began on February 28, 2026 with joint US-Israeli military strikes codenamed Operation Epic Fury and Operation Roaring Lion. Roughly 20% of the world’s oil passes through the Strait of Hormuz, a strategic chokepoint at the center of the conflict, driving sustained price increases in global energy markets.
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