March 20,
2026, 11:16 p.m. ET2 hours ago
https://www.nytimes.com/live/2026/03/20/world/iran-war-oil-trump
Iran War
Live Updates: Trump Says U.S. Is Considering ‘Winding Down’ War
The
president made the comment on social media a short time after telling reporters
on the White House lawn that he wasn’t interested in a cease-fire because the
U.S. was “obliterating the other side.” The Treasury Department lifted
sanctions on some Iranian oil.
David E.
SangerAlan RappeportEmmett Lindner and Richard Pérez-Peña
Here’s
the latest.
President
Trump said in a social media post on Friday that the United States was
considering “winding down” the war with Iran as it was “getting very close” to
meeting its objectives. His remarks came even as U.S. officials said they were
ramping up aerial assaults against Iranian drones and naval vessels in an
effort to reopen the Strait of Hormuz.
Earlier,
Mr. Trump told reporters on the White House lawn: “I don’t want to do a
cease-fire. You know, you don’t do a cease-fire when you’re literally
obliterating the other side.” The president has said multiple times that the
war was nearly over, only for U.S. attacks to intensify.
As the
U.S.-Israeli war on Iran approaches the three-week mark, American commanders
are still trying to eliminate Iran’s ability to choke off the strait, the
critical passageway in and out of the Persian Gulf. It has used a lethal
combination of mines, missiles and armed drones — or the threat of using them —
to all but shut down shipping through the strait, through which passes a large
part of the world’s oil and natural gas.
“I think
we’ve won,” Mr. Trump said, saying of Iran that “all they’re doing is clogging
up the strait.” Later, in his social media post on Friday, he wrote: “The
Hormuz Strait will have to be guarded and policed, as necessary, by other
Nations who use it — The United States does not! If asked, we will help these
Countries in their Hormuz efforts, but it shouldn’t be necessary once Iran’s
threat is eradicated.”
Iran has
continued to strike out at its Persian Gulf neighbors, shaking the world’s
energy supplies and the global economy. At least 37 oil refineries, natural gas
fields and other energy sites in nine countries have been damaged in drone and
missile attacks since the United States and Israel began bombarding Iran, a New
York Times analysis found. U.S. and Middle Eastern officials have blamed those
strikes on Iran, which has taken responsibility for some of them.
The price
of oil rose once again on Friday, the global benchmark crude settling for the
day around $112 a barrel, up more than 50 percent since the war began. The
S&P 500 Index fell about 1.5 percent, losing ground for the fourth straight
week.
The
state-owned Kuwait Petroleum Corporation said a drone attack had caused fires
at the Mina al-Ahmadi refinery, for the second consecutive day. Israel said it
had launched targeted attacks on Tehran after Iranian missile fire set off
sirens in Jerusalem and northern Israel overnight.
To help
ease the surge in oil prices, the U.S. Treasury Department on Friday
temporarily lifted sanctions on Iranian oil that is already loaded onto vessels
at sea, authorizing it to be sold to most countries. The license applies to oil
loaded on vessels as of March 20 and is extended until April 19. Treasury
Secretary Scott Bessent previewed the decision on Thursday and estimated that
lifting the sanctions would add about 140 million barrels of crude to the oil
market.
Here’s
what else we’re covering:
Iran:
Ayatollah Mojtaba Khamenei, the new supreme leader, celebrated the Persian new
year and the end of the holy month of Ramadan with a public statement, but he
did not appear on video, as questions persisted about his physical condition.
He has not been seen or heard in public since being named supreme leader, after
an Israeli airstrike killed his father and predecessor, Ayatollah Ali Khamenei.
Pentagon officials have said they believe he was seriously wounded. Read more ›
Israeli
strike: The Israeli military said it had killed the spokesman for Iran’s
Islamic Revolutionary Guards Corps, Ali Mohammed Naini, in a strike on Friday.
A statement from the Guards Corps carried by Iranian state television confirmed
he was killed, but did not offer details. The statement said the longtime
general had led the force’s “cognitive war” against adversaries. The Israeli
military described him as the group’s “main propagandist.”
New
attacks: Saudi Arabia, Kuwait, Bahrain and the United Arab Emirates said on
Friday they were intercepting drone and missile attacks, which Emirati and
Bahraini officials said were coming from Iran. The authorities in Bahrain said
that falling shrapnel had started a fire at a warehouse.
Death
tolls: Iran’s U.N. ambassador said last week that at least 1,348 civilians had
been killed since the start of the war. On Thursday, a Washington-based human
rights group, the Human Rights Activists News Agency, reported that at least
1,394 civilians had been killed. The number of Lebanese killed rose to more
than 1,000, Lebanon’s health ministry said on Thursday. At least 14 people have
been killed in Iranian attacks on Israel, officials have said. The American
death toll stood at 13.


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