Former U.S. President Donald Trump recently reiterated that he holds no regrets about initiating the war with Iran, asserting he would make the same decision again. Speaking on Fox News with Laura Ingraham on September 10, 2026, Trump emphasized the risks posed by a nuclear-armed Iran, stating that the country would use such weapons against Israel and the United States, destabilizing the Middle East. He acknowledged the political cost given the upcoming midterm elections but argued that preventing Iran from obtaining nuclear arms outweighed electoral consequences.

Markets are growing increasingly concerned about a prolonged conflict with Iran, especially after reports surfaced that top White House officials had contemplated an extended war beyond Trump’s current presidential term. Despite Trump’s repeated assurances that the conflict will conclude shortly after the midterm elections, uncertainty remains. The conflict's impact on global oil prices continues to draw attention amid fears over supply disruptions, given Iran's strategic location near the Strait of Hormuz.

Meanwhile, the Biden administration is intensifying efforts to choke off Iran's financial resources through targeted sanctions. Treasury Secretary Scott Bessent announced new sanctions against a major bank next Monday, chosen to coincide with the 9/11 anniversary as a symbolic gesture. Recent moves have included sanctioning the Dubai branches of Egypt’s second largest bank, accused of funneling $1.8 billion to Iran, and also targeting a Turkish bank involved in Iranian financing, further tightening the economic noose.

In a separate interview with NewsNation, Trump downplayed reports of damage to U.S. military assets following alleged Iranian strikes on a base in Jordan, stating no harm had occurred. He remained uncertain about Iran’s ability to sustain their position amid mounting economic pressure but maintained confidence that the conflict would be resolved soon after the elections, if not earlier. This complex backdrop of military escalation and financial sanctions continues to shape global political and economic markets.