TEHRAN: President Donald Trump said Monday that US military operations in Iran would be ending soon, reassuring markets that have been thrust into chaos by a war that is still reverberating across the Middle East. The war had sent stock markets slumping and oil prices soaring again on Monday as Tehran, under new leader Mojtaba Khamenei, fired a fresh barrage of missiles at its Gulf neighbors and signaled that the strategic Strait of Hormuz would likely remain closed.

U.S. stock market indices rose on the heels of reported comments by President Donald Trump that the war against Iran could be over sooner than first expected.

Trump suggests the Israel-Iran war may end soon while hinting at future military actions and mixed messages on U.S. involvement.