President Trump declared victory over Iran in a prime time address, saying that U.S. military objectives are “nearing completion” while suggesting that American forces would not be used to reopen the Strait of Hormuz because it will “open up naturally” once the conflict is over, NOTUS reports.

Immediately following Trump’s address, CNBC notes both S&P 500 and Dow Jones futures fell nearly 1%, while Nasdaq futures fell more than 1%.

The price of crude oil also spiked close to 4%.

Wall Street Journal: Here’s what Trump didn’t talk about in his speech.

Just one-third of the public believes President Trump has a clear plan to handle the situation in Iran, according to a new CNN Poll, underscoring the deep skepticism ahead of his Wednesday night White House address on the war.

Rep. Alexandria Ocasio-Cortez (D-NY) said that she “would vote against all U.S. military aid to Israel, including for defensive systems, a shift that underscores how opposition to the Israeli government has grown among various wings of the Democratic Party since the war in Gaza,” New York Times reports.

President Trump threatened to stop supplying weapons for Ukraine in order to pressure European allies to join a “coalition of the willing” to reopen the Strait of Hormuz, the Financial Times reports.

New York Times: “For more than a decade President Trump has been intently focused on making sure Iran never had the nuclear fuel in hand to build a nuclear weapon. Until this morning, when he told Reuters in an interview, that he didn’t really care because it is ‘so far underground.'”

“Asked about the 970 pounds of near-bomb-grade enriched uranium that international inspectors say is likely buried at two sites in Iran — enough to make 10 to a dozen bombs — Mr. Trump said it was no longer a worry.”

Nancy Youssef and Jonathan Lemire: “As thousands of additional U.S. troops arrive in the Persian Gulf, military officials are planning for two potential ground assaults in Iran: one on Kharg Island, the hub of the country’s energy industry, and the other to seize enriched uranium to hobble Iran’s nuclear-development program… They just need the go-ahead from President Trump.”

“Putting troops in Iranian territory would rank among the most dangerous missions of either of Trump’s terms. And neither operation would guarantee the end of the war within weeks, as Trump has promised—nor the collapse of the regime that the United States has described as an imminent threat, nor the reopening of the Strait of Hormuz, the closure of which has gripped the world’s energy markets.”

“No U.S. President should be able to withdraw from NATO without Senate approval. Thankful my colleagues in Congress passed this bipartisan measure.”

— Sen. Marco Rubio (R-FL), on X, in 2023.