President Donald Trump said the renewed U.S. campaign against Iran would not continue for too long after the biggest exchange of fire between Tehran and Washington since July. Speaking to reporters in the Oval Office, he said Iran had been trying to build a rocket that drops mines and that the United States had destroyed it, while also targeting radar and missile systems Iran was working to restore. He said U.S. forces took out new defensive and offensive equipment along the Strait of Hormuz in a very heavy attack the previous night and that Washington was prepared to carry out another strike at any time. Brent and WTI crude approached multi-week highs amid Middle East tensions, while renewed U.S. sanctions significantly reduced Iran’s crude exports. Prediction-market pricing put the chance of crude reaching a new all-time high by September 30 at 1.8%, down from 3% over the previous 24 hours, with related 2026 odds on Iran reconstruction funding and uranium-enrichment limits also lower.