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FIGR_HELOC $1.00Trump Predicts US-Iran War Will End Soon as Talks Continue
U.S. President Donald Trump forecast a quick end to the conflict with Iran on September 28, 2026, while indirect negotiations over the Strait of Hormuz remain
Key takeaways
- Bitcoin near $83,081. Bitcoin traded near $83,081 at press time as broader crypto markets fell.
- Iran rial at record low. The Iranian rial fell past 2.5 million per U.S. dollar on September 29, 2026, a new record low.
- No ceasefire announced. No ceasefire or formal end to the U.S.-Iran conflict has been announced as of September 29, 2026.
What happened
On September 28, 2026, U.S. President Donald Trump told reporters in the Oval Office that the United States would win its war with Iran "very soon," adding the outcome would be decided "one way or the other." His comments came after U.S. officials held talks with regional mediators working on a deal to reopen the Strait of Hormuz, a critical global energy shipping route. Indirect negotiations between the two countries are ongoing, focused on a revised version of a seven-day proposal Iran submitted via mediators during the 2026 United Nations General Assembly.
Why it matters
The Strait of Hormuz is a vital chokepoint for global oil and gas shipments, so disruptions from the U.S.-Iran conflict impact energy markets and broader financial assets, including cryptocurrencies. Trump's prediction of a swift U.S. victory came days after he rejected Iran's initial seven-day proposal, which tied the strait's reopening to an end to hostilities, a U.S. lifting of its naval blockade, sanctions relief for Iranian oil, and the release of at least $12 billion in frozen Iranian assets. As of September 29, 2026, no ceasefire or formal agreement has been announced, and Bitcoin traded near $83,081 amid broader crypto market losses. The Iranian rial also hit a new record low of over 2.5 million per U.S. dollar the same day, reflecting mounting economic pressure from the conflict and longstanding sanctions.
What is still unclear
- Key terms of a potential agreement remain unresolved, including the order of steps for reopening the Strait of Hormuz and easing U.S. restrictions, as well as how to address Iran's nuclear program. Negotiators have not announced a timeline for a potential ceasefire or formal end to the conflict.
Questions readers ask
What is the Strait of Hormuz's role in the US-Iran conflict?
The Strait of Hormuz is a critical global energy shipping chokepoint that is the central focus of ongoing indirect U.S.-Iran negotiations. Iran's initial proposal tied the strait's reopening to an end to hostilities and broader talks on sanctions and its nuclear program.
Has Trump offered Iran sanctions relief?
Trump has publicly denied offering Iran any sanctions relief or access to frozen assets in exchange for nuclear concessions, stating 'I offered them NOTHING' in a Truth Social post on September 28, 2026.
How is the crypto market reacting to US-Iran tensions?
As of September 29, 2026, Bitcoin traded near $83,081, while Ethereum and XRP each fell more than 1.5%, with broader market weakness linked in part to rising U.S. Treasury yields.
