Trump Says US Will Exit Iran in 2–3 Weeks — Crypto and Stocks Jump

TLDR

• Trump says the US will exit Iran within 2–3 weeks, claiming nuclear goals have been met
• A US withdrawal is not conditional on Iran making a deal or reopening the Strait of Hormuz
• Iran’s Revolutionary Guards threatened 18 US companies including Microsoft, Apple, and Tesla
• Bitcoin rose 1.6% and Ether gained 3.5% following Trump’s comments
• The S&P 500 ended Tuesday up 2.91%, the Dow Jones up 2.49%

US President Donald Trump said the United States could wrap up its military campaign in Iran within two to three weeks. He made the comments to reporters at the White House during an executive order signing ceremony on Tuesday.

The conflict began in February when the US and Israel launched strikes against Iran. That triggered an Iranian-led blockade of the Strait of Hormuz, one of the world’s busiest oil shipping routes.

He also said the withdrawal would not depend on the Strait of Hormuz being fully reopened, according to the Wall Street Journal.

Markets React to Exit Timeline

Bitcoin rose 1.6% to around $67,858, while Ether climbed 3.5% to approximately $2,097, according to CoinGecko. The total crypto market cap was up 1.1% over 24 hours.

The S&P 500 closed Tuesday up 2.91%. The Dow Jones Industrial Average jumped 2.49%.

In early March, markets had also posted modest gains after Trump first suggested the war could be nearing its end.

Iran Threatens US Companies

Iran’s Revolutionary Guards issued a new threat against 18 US companies operating in the region, effective from Tuesday evening Tehran time. The list included Microsoft, Google, Apple, Intel, IBM, Tesla, and Boeing.

US Defense Secretary Pete Hegseth said Iran still has the ability to launch offensive missiles. He added that talks were ongoing but the US was prepared to continue military operations if Iran did not comply.

US General Dan Caine said the military had destroyed over 150 Iranian naval vessels and continued to strike manufacturing and research sites.

The conflict has spread to Lebanon. At least seven people were killed and 24 wounded in Israeli strikes near Beirut. Israel said the strikes targeted senior Hezbollah commanders.

China and Pakistan called for an immediate ceasefire, with their foreign ministers meeting in Beijing to urge peace talks.

US gasoline prices crossed $4 a gallon for the first time in over three years, according to Gas Buddy. Two-thirds of Americans believe the US should end its involvement quickly, even if that means falling short of stated goals, a Reuters/Ipsos poll found.

Trump is scheduled to address the nation on Wednesday at 9pm ET to provide an update on Iran.

The post Trump Says US Will Exit Iran in 2–3 Weeks — Crypto and Stocks Jump appeared first on CoinCentral.