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U.S. President Donald Trump declared "victory in the Iran War," stating that Operation Epic Fury neutralized Iranian naval vessels and minelayers. He also referenced the International Energy Agency's plan to release crude oil reserves, anticipating a drop in oil prices and an end to global threats.

Iran's 'Epic Fury' Operation and Claim of Victory

U.S. President Donald Trump announced that "decisive action has been taken through 'Operation Epic Fury' to halt the threats posed by Iran's terrorist regime." In his speech, President Trump repeatedly emphasized, "We won," adding, "We were victorious in the first hour, and everything is over."

He claimed, "58 Iranian naval vessels have been destroyed, neutralizing their navy." He further stated that 31 minelayers, which were laying mines at sea, had been removed, adding that "they will be gone" by the time his speech concluded.

Release of International Crude Oil Reserves and Impact on Oil Prices

In addition to the situation concerning Iran, President Trump reported that "earlier today, the International Energy Agency (IEA) agreed to release 400 million barrels of global strategic crude oil reserves," stating that this measure "will substantially lower crude oil prices."

He emphasized that this action would contribute to ending threats to the United States and the world. President Trump declared, "We don't want to leave early," and "We have to finish the job," signaling his intent for continued engagement with Iran.

*Source: YouTube: Straits Times (2026-03-12)*

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