President Donald Trump and his national security team have discussed the possibility of resuming large-scale U.S. military operations against Iran in the coming weeks, including the option of launching strikes before the November midterm elections, according to U.S. officials. No final decision has been made.
The discussions reportedly took place during a meeting of Trump’s national security team at Camp David, where U.S. strategy toward Iran and the Houthi movement in Yemen was also examined. Following the meeting, the U.S. military prepared additional operational options for Trump to consider.
The development does not indicate that a new military campaign has been ordered. The timing, scope and even whether the United States will resume major combat operations remain undecided. However, the preparation of new military options suggests that renewed action is being considered as a concrete possibility rather than solely as a theoretical scenario.
At the same time, Washington continues to pursue a diplomatic outcome. U.S. officials say the Trump administration is seeking an agreement with Iran that would address outstanding issues, including Tehran’s nuclear program. Recent negotiations have yet to produce a final agreement, leaving diplomacy and military planning operating in parallel.
The timing of any potential escalation could also have broader economic implications. Recent reporting indicates that renewed military action could place additional pressure on energy markets, particularly given the importance of the Strait of Hormuz to global oil flows.
For markets, the key issue is whether the current military preparations translate into an actual operation or remain part of Washington’s negotiating and contingency planning. Any confirmed escalation would likely make developments surrounding Iran, regional security and energy markets increasingly important factors for investors to monitor.
