Live Updates: Trump says Iran war will "be over quickly" as Tehran seeks to lay claim to Strait of Hormuz
🔴 Tension RisingCBS News2026-05-07
President Trump stated that the Iran war will ‘end quickly’ as Iran attempts to formalize control over the Strait of Hormuz. Oil prices have fallen, and stock markets have risen, but Iran faces significant domestic economic difficulties. Iranian President Pezeshkian acknowledged economic challenges due to the war and urged businesses to support the country.