Trump says US may exit Iran war soon and threatens to quit NATO

Key Points:

• U.S. President Donald Trump announced plans to end the war with Iran soon, with potential for limited "spot hits" if necessary, and indicated he might withdraw the U.S. from NATO due to perceived lack of support in the conflict.
• The ongoing conflict, triggered by U.S. and Israeli strikes on Iran, has caused significant casualties and severe disruptions in global energy supplies, prompting warnings from the IMF, World Bank, and IEA about its widespread economic impact.
• Iran and the U.S. have engaged indirectly in ceasefire discussions mediated by Pakistan, but no agreement has been reached; Trump insists on reopening the Strait of Hormuz before considering a ceasefire.
• The conflict has led to fuel shortages affecting jet fuel and diesel supplies, particularly in Asia and Europe, with airlines warning of potential flight cancellations if the situation does not improve soon.
• Recent Iranian missile attacks targeted Israel, prompting Israeli retaliatory strikes on Tehran, while Iran's Revolutionary Guards threatened U.S. companies in the region, escalating regional tensions further.