Trump Says Iran Strike Decision and Russia-Ukraine Deal May Come Soon

President Donald Trump said he would soon decide whether to resume large-scale military action against Iran and said a deal to end the Russia-Ukraine war could come soon, putting two geopolitical issues with potential implications for oil and broader market sentiment in focus.

He made the Iran remarks Thursday, Nov. 5, after a meeting with senior national security advisers during his weekly intelligence briefing. It was the first dedicated discussion of Iran with those advisers since the midterm elections.

Trump also confirmed a private meeting that day with Kirill Dmitriev, an envoy for Russian President Vladimir Putin. Trump did not describe their discussion, but said an agreement to resolve the war could be reached soon.

The comments concerned separate tracks: a possible U.S. decision on military action against Iran and diplomacy over Russia’s war in Ukraine. Trump gave no specific date for an Iran decision and did not detail what a potential agreement would contain.