Trump is threatening to restart the war with Iran within days, which would be bad for oil prices, the global economy, and Trump's own political standing.

• Trump said he was planning to attack Iran on Tuesday but postponed, claiming Gulf states asked him to hold off.
• Peace talks through Pakistan are stuck because the US refuses to lift sanctions, unfreeze Iranian assets, or pay war damages.
• Pro-Israel voices like Lindsey Graham and former general Jack Keane are pushing Trump to hit Iran's oil infrastructure, which would send gas prices much higher.
• Iran has warned it will hit oil and gas sites across the Gulf if its own infrastructure is attacked.
• American voters strongly oppose the war: only 30% back Trump's Iran decision, and Democrats now lead the generic congressional ballot by 11 points.

Outlook: A US strike on Iran could come within days, and if it happens, expect an oil price shock and a major political backlash against Republicans heading into 2026.