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Trump's shifting war narrative fuels market swings and voter unease

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Conflicting signals on Iran campaign timeline

U.S. President Donald Trump delivered contradictory statements on Monday about the duration and objectives of the joint U.S.-Israeli military operation against Iran, now in its tenth day. The mixed messaging has left allies, markets, and voters grappling with uncertainty over the conflict's trajectory.

Morning volatility and presidential pushback

Stock markets plunged and oil prices surged past $120 per barrel early Monday, reflecting global anxiety over the campaign's economic fallout. Trump responded by calling reporters in an apparent effort to reassure investors. His remarks, however, lacked clarity. When pressed about rising oil prices, he told the New York Post, "I have a plan for everything, okay? I have a plan for everything. You'll be very happy."

To CBS News, he described the war as "very complete, pretty much" and claimed the U.S. was "very far ahead of schedule." Yet when asked if the operation might conclude soon, he demurred: "I don't know, it depends. Wrapping up is all in my mind, nobody else's." His comments briefly stabilized markets, with oil retreating below $90 per barrel by midday.

Goals expand as rhetoric shifts

Trump's messaging grew more ambiguous by evening. After suggesting earlier that the campaign could end imminently, he pivoted: "We could call it a tremendous success right now. Or we could go further. And we're going to go further." He framed the operation as an "excursion" nearing completion but warned of escalation if Iran continued threatening Persian Gulf shipping lanes. "We will hit them so hard that it will not be possible for them or anybody else helping them to recover that section of the world," he said.

The president also outlined sweeping objectives, stating the U.S. aimed to prevent Iran from developing weapons capable of targeting America, Israel, or their allies "for a very long time." Analysts noted this could imply regime change-a goal Trump has previously disavowed-as Iran's Supreme Leader Ayatollah Ali Khamenei was recently succeeded by his son.

Defense officials signal prolonged campaign

Trump's claims clashed with remarks from Defense Secretary Pete Hegseth, who told CBS on Sunday that the U.S. was entering a phase involving heavier munitions, including 500- to 2,000-pound bombs. When asked about the contradiction, Trump replied, "I think you could say both," adding, "It's the beginning of building a new country."

The reference to nation-building contradicts Trump's prior statements, as his administration has explicitly rejected such efforts. Hegseth's comments underscored the campaign's open-ended nature, with no clear exit strategy.

Economic and political fallout mounts

The conflict has disrupted shipping through the Strait of Hormuz, spiking global oil prices. In the U.S., gasoline now averages $3.48 per gallon-a 48-cent increase in one week-while February's jobs report showed a loss of 92,000 positions and unemployment rising to 4.4%. Labor force participation hit a four-year low of 62%.

Voters in Georgia's special congressional election on Tuesday cited the war and inflation as top concerns. Independent voter Bob Stinnett warned of a potential recession, while retired nurse Angie criticized the campaign's impact on her budget. "I understand they needed help, but couldn't we have found another way?" she said.

Democratic candidate Shawn Harris, running in the conservative district once held by Marjorie Taylor Greene, suggested the war could sway voters. "Those voters got sons and daughters in the war," he said. Polls show most Americans oppose the campaign, posing risks for Trump ahead of November's midterm elections.

White House defends progress amid skepticism

On Monday evening, Trump touted military achievements, including the destruction of Iran's navy, air force, and radar systems. Yet critics argue the war's broader costs-economic instability, political backlash, and global disruptions-remain unmeasured. With Trump's second term hanging in the balance, the public's verdict is still pending.

"War is more than missiles launched, bombs dropped and targets destroyed."

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