Economy March 5, 2026

Trump Says U.S. Forces Have Degraded Iran’s Military Capabilities

President outlines extensive strikes on missiles, ships and communications while administration moves to steady oil markets

By Priya Menon
Trump Says U.S. Forces Have Degraded Iran’s Military Capabilities

President Donald Trump told attendees at a public event that U.S. military operations in Iran are ahead of schedule and have significantly reduced Tehran's missile, drone, naval and air capabilities. He said U.S. forces, working with Israeli partners, have hit missile launchers within minutes, destroyed a large share of missiles and launchers, and eliminated air defenses and communications networks. The administration has also announced measures aimed at stabilizing oil prices.

Key Points

  • U.S. military operations in Iran are described by the president as proceeding ahead of schedule, with coordination alongside Israeli partners.
  • Specific military effects cited include destruction of about 60% to 64% of Iran's missiles and launchers, elimination of air defenses and communications, and the loss of 24 Iranian naval vessels in three days.
  • The administration has announced measures to stabilize oil markets, including political risk insurance for tankers in the Gulf, and the president said oil prices have stabilized.

President Donald Trump said on Thursday that U.S. military operations against Iran are moving faster than planned and have inflicted major damage on the country's military infrastructure.

Speaking at a gathering with the 2025 Major League Soccer champions, Trump said U.S. forces, in coordination with Israeli partners, have destroyed substantial portions of Iran's missile and drone arsenals. He asserted that missile launchers are being targeted and struck within four minutes of launches.

Trump outlined specific losses he said Iran had sustained. He stated that Iran's navy had lost 24 ships over a three-day period and that Tehran's anti-aircraft weapons, air force, airplanes and communications systems had been eliminated. He also provided a percentage estimate for damage to missile systems, saying approximately 60% to 64% of Iran's missiles and launchers have been destroyed.

The president added that Iranian officials have been asking how to negotiate a settlement, but he indicated that the United States intends to press on with military operations. He attributed the bulk of American service-member injuries over the past 47 years to actions linked to former Iranian General Qasem Soleimani and to Iran itself.

Separately, the administration on Wednesday unveiled steps intended to help stabilize global oil markets, including offering political risk insurance for tankers transiting the Gulf. Trump said additional measures to reduce upward pressure on oil prices were imminent and that oil prices have since stabilized.

Trump also spoke about domestic market performance, saying the Dow Jones Industrial Average reached 50,000 during his first year in office, a milestone he suggested was achieved faster than initially expected. He described the military campaign as broader than he would prefer but nonetheless effective.

The president referenced prior actions abroad, including operations in Venezuela and an operation he called the Midnight Hammer attack in Iran, as precursors that set conditions for current operations. He urged members of the Iranian Revolutionary Guard, military and police to lay down their arms, saying they have an opportunity to reclaim their country.


Context limitations: This report reflects statements made by the president during a public event and descriptions of actions attributed to U.S. and allied military forces. It does not add external verification or independent confirmation of the claims described.

Risks

  • Ongoing military operations and continuation of strikes - potential implications for defense, shipping and energy sectors, especially oil tanker transit and insurance costs.
  • Uncertainty over negotiations - while Iranian officials reportedly have asked about making a deal, the U.S. intends to continue military actions, leaving diplomatic outcomes unclear.
  • Market and investor reactions - assertions about rapid military progress and comments on stock milestones may affect market sentiment, particularly in energy and defense-related equities.

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