Axios: Trump did not specify a date for the end of the war with Iran in his call with the G7 group

President Donald Trump stated during a G7 call that the U.S. war with Iran is "pretty well complete," though he did not specify a timeline for its conclusion, according to reports from Axios and BBC. In a press conference on March 9, 2026, Trump emphasized that the U.S. had made "major strides toward achieving our military objective," while acknowledging the conflict's ongoing impact on global energy markets according to reports. Crude oil prices surpassed $100 per barrel for the first time since 2022, with benchmarks nearing $120, driven by disruptions in the Strait of Hormuz and attacks on oil infrastructure in the Middle East according to reports.

The UK's Chancellor Rachel Reeves warned that the conflict is likely to increase inflationary pressures, prompting discussions among G7 finance ministers about stabilizing oil markets. While the International Energy Agency (IEA) confirmed that releasing emergency oil reserves was discussed, no consensus was reached. Meanwhile, European stock markets experienced volatility, with the FTSE 100 closing down 0.3% and the DAX falling 0.7%, reflecting investor uncertainty.

Trump also reiterated U.S. military actions, including the destruction of 42 Iranian naval ships and ongoing strikes on missile and drone manufacturing sites. However, the war has resulted in significant casualties, including seven U.S. service members killed and widespread civilian harm in Iran and Lebanon. As global leaders assess economic and humanitarian risks, the absence of a clear end date for the conflict continues to weigh on financial markets and energy security.