Trump says the Iran campaign is “way ahead of schedule” and expects it to conclude “in a couple of weeks” and “not much longer”.

At the outset, he said 4-5 weeks and we’re not two-and-a-half weeks into it so a couple of weeks isn’t exactly “way ahead of schedule”. My fear — and the one of most people watching energy — is that Trump doesn’t get to decide the timeline, Iran also does.

Trump called it a short-term excursion and that it will take 10 years for Iran to repair damage, but that it must be made permanent.

With all these timelines, it makes sense for Iran’s military to hide out and wait out Trump. Then they can take control of Hormuz and regain some mobility once the US backs away.

Also notable is that in his message today, Netanyahu repeatedly stressed determination and he hasn’t put any timelines on attacks.

Iran today showed it’s still capable offensively as it struck targets in the UAE and a tanker near Oman.

WTI crude oil was last up $2.25 to $94.69.