Vice President JD Vance said 21 hours of peace talks between the United States and Iran had failed to produce a deal to end the war.
Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.
After careening from one diplomatic extreme to another, President Trump finds himself with a fragile deal that is already showing signs of fraying.
The United States and Israel attacked Iran on Feb. 28, starting a weekslong war that spread to neighboring countries and rocked global markets.
President Trump taunted Iran on social media, while strikes continued in Iran, Israel, Lebanon and some Gulf states.
The president said he would bomb Iran “back to the Stone Ages.” Until this administration, American leaders had insisted they were trying to follow international law in war.
The president made his case for the U.S. attack, and said that the main objectives had been achieved.
The slow-moving A-10 “Warthog” is a so-called close-air support plane that could be used to help U.S. ground forces seize territory near the Strait of Hormuz.
The interconnectedness of global energy markets means that the effects of Iran’s blockade of the waterway are not limited to countries directly dependent on oil from the Middle East.
U.S. commanders have kept many troops away from bases in the region to protect them from Iran’s ballistic missile attacks.