WASHINGTON — U.S. President Donald Trump said the conflict with Iran is “practically finished” and revealed he is considering the possibility of the Strait of Hormuz coming under U.S. control, according to remarks published by CBS News. The strategic waterway, one of the most critical global oil transit routes, carries roughly a fifth of the world’s petroleum supply.

In the interview, Trump argued that the U.S. and Israel military campaign had severely weakened Iran’s capabilities. “I think the war is very complete, pretty much,” the president said, claiming Tehran’s navy, air force and communications systems had been largely destroyed. He added that the operation was progressing “far ahead” of the initial timeline estimated by his administration.

Trump also warned Iran against attempting to disrupt maritime traffic through the Strait of Hormuz, a vital chokepoint for global energy markets. The president said the United States “could do a lot” regarding the strait and hinted that Washington might take control of the passage if necessary to guarantee the flow of oil shipments.

The conflict escalated after joint U.S.-Israeli strikes targeted Iranian military infrastructure and senior leadership, including the death of Supreme Leader Ali Khamenei, which triggered retaliatory missile attacks by Iran across the region.

Energy markets have reacted sharply to the crisis. Oil prices surged to nearly $120 per barrel at the height of tensions but later retreated as investors interpreted Trump’s comments as a signal that the conflict could de-escalate.

The Strait of Hormuz remains a central geopolitical flashpoint. Any disruption to shipping through the narrow corridor between Iran and Oman could have immediate consequences for global oil supply, energy prices and international trade.