Former U.S. President Donald Trump has suggested that the ongoing conflict with Iran may conclude after the U.S. midterm elections, while also threatening an attack on Pickaxe Mountain, a strategic and heavily fortified site in Iran associated with the country’s nuclear infrastructure. The conflict, which began on February 28, 2026 with U.S. and Israeli strikes, has seen multiple escalations and a temporary ceasefire that collapsed in June. Markets are now speculating on a potential U.S.-Iran deal in 2026, with price movements reflecting uncertainty around diplomatic prospects.
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