US President Donald Trump indicated for the first time on Monday that US military operations in Iran could be coming to an end, saying the war was β€œvery complete” and progressing ahead of schedule.

The war had sent stock markets slumping and oil prices soaring again on Monday as Tehran, under new leader Mojtaba Khamenei, fired a new barrage of missiles at its Gulf neighbours and signalled that the strategic Strait of Hormuz would likely remain closed.

But Wall Street vaulted into positive territory on Monday after Trump’s remarks, despite the lack of details on any solution to the conflict still raging in the Middle East.

β€œI think the war is very complete, pretty much.

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