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    1. Home
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    3. >Exclusive-With Iran war exit elusive, Trump aides vie to affect outcome
    Finance

    Exclusive-With iran war exit elusive, trump aides vie to affect outcome

    Published by Global Banking & Finance Review®

    Posted on March 13, 2026

    5 min read

    Last updated: March 13, 2026

    Exclusive-With Iran war exit elusive, Trump aides vie to affect outcome - Finance news and analysis from Global Banking & Finance Review
    Tags:FinanceBankingMarkets

    Quick Summary

    Inside the White House, Trump aides are divided on messaging about the Iran war: economic advisors warn that surging gas prices risk undermining public support, while hawkish allies and populist figures push conflicting narratives.

    Table of Contents

    • White House Decision-Making Fuels Economic and Political Volatility
    • Conflicting Internal Pressures on Trump
    • Shifting Messages and Internal Viewpoints
    • Economic and Political Concerns
    • Hawkish and Populist Influences
    • White House Response to Speculation
    • Seeking an Exit Amid Market Turmoil
    • Managing Economic Fallout
    • Defining Victory and Military Outcomes
    • Ongoing Risks to Oil Markets

    Trump's Iran War Strategy Intensifies Finance and Oil Market Uncertainty

    White House Decision-Making Fuels Economic and Political Volatility

    WASHINGTON, March 13 (Reuters) - A complex tug-of-war inside the White House is driving U.S. President Donald Trump's shifting public statements on the course of the Iran war, as aides debate when and how to declare victory even as the conflict spreads across the Middle East.

    Conflicting Internal Pressures on Trump

    Some officials and advisers are warning Trump that surging gasoline prices could exact a political cost from the U.S.-Israeli attacks on Iran, while some hawks are pressing the president to maintain the offensive against the Islamic Republic, according to interviews with a Trump adviser and others close to the deliberations.

    Their observations to Reuters offer a previously unreported glimpse inside White House decision-making as it adjusts its approach to the biggest U.S. military operation since the 2003 Iraq war.

    Shifting Messages and Internal Viewpoints

    SHIFTING MESSAGES, VARIOUS INTERNAL VIEWPOINTS

    The behind-the-scenes maneuvering underscores the high stakes Trump, who returned to office last year promising to avoid “stupid” military interventions, faces nearly two weeks after plunging the nation into a war that has rattled global financial markets and disrupted the international oil trade.

    The jockeying for Trump's ear is a feature of his presidency, but this time the consequences are a matter of war and peace in one of the world's most volatile and economically critical regions.

    Shifting from the sweeping goals he framed in launching the war on February 28, Trump in recent days has emphasized that he views the conflict as a limited campaign whose objectives have mostly been met.

    But the message remains unclear to many, including the energy markets, which have lurched in both directions in response to Trump's statements.

    He told a campaign-style rally in Kentucky on Wednesday that “we won" the war, then abruptly pivoted: "We don't want to leave early, do we? We've got to finish the job.”

    Economic and Political Concerns

    Economic advisers and officials, including from the Treasury Department and the National Economic Council, have warned Trump that an oil shock and rising gasoline prices could quickly erode domestic support for the war, said the adviser and two others close to the deliberations, speaking on the condition of anonymity to disclose internal discussions.

    Political advisers, including Chief of Staff Susie Wiles and deputy chief James Blair, are making similar arguments, focusing on the political fallout from higher gas prices and urging Trump to define victory narrowly and signal the operation is limited and nearly finished, the sources said.

    Hawkish and Populist Influences

    Pushing in the other direction are hawkish voices urging Trump to sustain military pressure on Iran, including Republican lawmakers such as U.S. Senators Lindsey Graham and Tom Cotton, and media commentators such as Mark Levin, according to people familiar with the matter.

    They argue the U.S. must prevent Iran from obtaining a nuclear weapon and respond forcefully to attacks on American troops and shipping.

    A third force comes from Trump’s populist base and figures such as strategist Steve Bannon and right-wing television personality Tucker Carlson, who have been pressing him and his top aides to avoid getting dragged into another prolonged Middle East conflict.

    “He is allowing the hawks to believe the campaign continues, wants markets to believe the war might end soon and his base to believe escalation will be limited,” the Trump adviser said.

    White House Response to Speculation

    Asked for comment, White House press secretary Karoline Leavitt said in a statement: "This story is based on gossip and speculation from anonymous sources who aren’t even in the room for any discussions with President Trump.

    "The President is known for being a good listener and seeking the opinions of many people, but ultimately everyone knows he’s the final decision maker and his own best messenger," she said. "The President’s entire team is focused on ensuring the objectives of Operation Epic Fury are fully achieved."

    Other people named for their roles in the deliberations did not immediately respond to Reuters' questions.

    Seeking an Exit Amid Market Turmoil

    LOOKING FOR AN EXIT

    In taking America to war, Trump offered little explanation, and the administration's stated war aims have ranged from thwarting an imminent attack by Iran to crippling its nuclear program to replacing its government.

    As he seeks an exit from an unpopular conflict, Trump is trying to juggle competing narratives that some critics say have complicated an already difficult situation, with Iran defiant despite the devastating U.S.-Israeli air assault.

    Managing Economic Fallout

    Top political aides and economic advisers, whose warnings before the war of the potential economic shock were largely ignored, appear to have played a major role in pushing Trump’s efforts this week to reassure skittish markets and contain rising oil and gas prices.

    His public shift to downplaying the war's impact, describing it as a "short-term excursion," and his insistence that gas price hikes would be short-lived appeared aimed at calming fears of an open-ended conflict.

    Defining Victory and Military Outcomes

    Some top aides have advised him to work toward a conclusion to the conflict that he can call a triumph, at least militarily, the sources said, even if much of the Iranian leadership survives, along with remnants of a nuclear program that the campaign was meant to target.

    Wave after wave of U.S. and Israeli air strikes have killed a number of top Iranian leaders among some 2,000 people overall - some as far away as Lebanon - devastated its ballistic missile arsenal, sunk much of its navy and degraded its ability to support armed proxies around the Middle East.

    Ongoing Risks to Oil Markets

    But the military achievements have been seriously undercut by Iran’s stepped-up attacks on oil tankers and transport facilities in the Gulf, driving up oil prices.

    Trump has said he will decide when to end the campaign. He and his aides say they are far ahead

    Key Takeaways

    • •Surging U.S. gasoline prices—now over $3.40 per gallon and trending higher amid the war—raise political stakes for Trump’s messaging strategy (time.com)
    • •Economic and political advisers urge framing the campaign as limited to contain gasoline‑price fallout ahead of midterms (apnews.com)
    • •Hawkish voices push military escalation, while populist base demands restraint—Trump is balancing mixed messages to each constituency (apnews.com)

    References

    • Gas Prices Surge in U.S. as Iran War Chokes Global Oil Supply. What You Need To Know
    • Trump bragged about low gas prices. The Iran conflict has him doing an about-face

    Frequently Asked Questions about Exclusive-With Iran war exit elusive, Trump aides vie to affect outcome

    1How is the Iran conflict affecting global financial markets?

    The Iran conflict has rattled global financial markets and disrupted the international oil trade, causing significant volatility in energy markets.

    2What impact has the Iran war had on oil and gasoline prices?

    Rising oil and gasoline prices are a direct result of the conflict, and economic advisers warn these increases could erode domestic support for the war.

    3What are the main viewpoints within the Trump administration regarding the war?

    There is an internal tug-of-war between economic advisers urging caution due to political and economic fallout, hawks advocating sustained pressure, and populist voices warning against prolonged involvement.

    4How has President Trump communicated the goals of the Iran war?

    Trump's messages have shifted, sometimes claiming victory and other times suggesting the campaign is ongoing, creating confusion in markets.

    5Who are the key figures influencing Trump’s Iran war policy?

    Key figures include economic and political advisers, Republican lawmakers, media commentators, and members of his populist base.

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