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US-Iran War News Live Updates: Trump, Hegseth Claim 'Control' Over Iran And Strait Of Hormuz

US President Trump plans to discuss Iran with China's Xi Jinping, focusing more on trade, while warning Iran over its nuclear program ahead of the summit.

US-Iran War News Live Updates: Trump, Hegseth Claim 'Control' Over Iran And Strait Of Hormuz
Iran War Live Updates
2 minutes ago

US President Donald Trump said he would have a "long talk" about Iran with Chinese President Xi Jinping but said trade would be a bigger focus. As he left for the summit, Trump again threatened Iran if its leaders don't reach an agreement on its nuclear program.

While, US Defence Secretary Pete Hegseth told members of Congress Tuesday that the military has plenty of bombs and missiles despite concerns about its stockpiles. He also maintained that the US is in control of the Strait of Hormuz, even as Iranian attacks — and threats — have disrupted the shipment of oil and other products through the vital waterway.

About waiving sanctions on Russian oil, President Trump said "we are going to whatever is necessary" and the war "will not be long." He said oil prices and inflation will drop once “hundreds of ships” with oil are released, citing a "gush of oil." Trump claimed inflation is already “much lower than it was under Biden," who he said had “the highest inflation in the history of our country," and said current inflation is short-term. He added the US is seeing “the golden age of America” and the stock market is at historic highs.

Iran War Live Updates: Oil Holds Gains With Brent Crude At $107

Brent crude traded near $107 a barrel, while West Texas Intermediate hovered around $102.

Iran War Live Updates: War Cost Rises To $29B

US Defence Secretary Pete Hegseth avoided specifics about the next steps in Iran. The Pentagon's top budget official told Congress that the cost of the war is close to $29 billion so far — that's up from an estimate of $25 billion just two weeks ago.

Iran War Live Updates: 'We Control The Strait', Hegseth Tells Congress

US Defence Secretary Pete Hegseth told members of Congress Tuesday that the military has plenty of bombs and missiles despite concerns about its stockpiles. He also maintained that the US is in control of the Strait of Hormuz, even as Iranian attacks — and threats — have disrupted the shipment of oil and other products through the vital waterway.

"Ultimately we control the strait, because nothing's going in that we don't allow to go in," said Hegseth, who faced tough questions from Republican and Democratic lawmakers who oversee defence spending.

Iran War Live Updates: NATO Was Very Disappointing To Me

Video: Trump, "OPEC is having some difficulty right now, but that has nothing to do with me. NATO was very disappointing to me."

Iran War Live Updates: Trump Predicts Inflation Drop

US President Donald Trump said "hundreds of ships loaded up with oil" are waiting to be released, and once they come out there will be a "gush of oil" that drives inflation "way down." He called current inflation short-term and "nothing by comparison" to Biden, who he claimed "had the highest inflation in the history of our country." Trump said inflation was 1.7% for three months before the war and predicted it will fall to "probably 1.5%" when the war ends.

Iran War Live Updates: Trump Says Oil Prices Will Drop

Responding to ANI's question regarding whether he would extend the waiver on sanctioned Russian oil to help ease crude prices, US President Donald Trump says, "...We are going to whatever is necessary, including this war over will not be long. You're going to see oil prices drop, and you're going to see a stock market, which is already at the highest point in history... You're going to see the golden age of America, frankly, and you're seeing it now..." [sic]

Iran War Live Updates: We Control Iran, Says Trump

US President Donald Trump said, "We have Iran very much under control. We're either going to make a deal or they're going to be decimated. One way or the other, we win."

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