US-Iran tensions persist despite reports Trump may declare war over

President Donald Trump is reportedly considering a declaration that the conflict with Iran is over, despite ongoing military tensions. While Trump suggested the war may not last much longer, the U.S. military maintains approximately 50,000 troops in the region. Recent hostilities included U.S. strikes on Iranian rocket launchers, which prompted the Iranian Revolutionary Guards to target U.S. bases in Jordan.

In response to alleged violations of a June memorandum of understanding regarding commercial vessels in the Strait of Hormuz, the U.S. has reimposed a naval blockade against Iranian ports. Prediction markets on Polymarket reflect skepticism regarding a swift resolution; the probability of the U.S. ending the naval blockade by September 30 has dropped to 17%, and the chance of a final nuclear deal remains low.

Additionally, Treasury Secretary Bessent has warned that digital-asset-related entities could be targeted in upcoming rounds of sanctions tied to Iran and Russia as the administration seeks to remove bad actors from the global system.