Iran War Day 48: Trump Says “War Nearly Over” + Markets Hit Record Highs + Australia Refinery Fire

Trump says the Iran war is “very close to over” as the White House signals confidence in a deal. Pakistan’s army chief heads to Tehran with a direct message from Washington, while Prime Minister Sharif tours Saudi Arabia, Qatar, and Turkey to build support for a second round of talks.On Day 48 of Operation Epic Fury, the diplomatic track is accelerating fast. The first round of negotiations came close — reportedly “eighty percent” complete — but stalled on the final decisions only Tehran can authorise. Now, the next forty-eight hours could determine whether a deal is within reach before the ceasefire expires.Meanwhile, markets are making a bold call. The S&P 500 and Nasdaq hit record highs, erasing all war losses — signalling confidence that a resolution is coming even as oil remains elevated.But the global system is showing strain. A major fire at Australia’s largest refinery threatens fuel supply at a critical moment, highlighting how the Strait of Hormuz disruption is rippling far beyond the battlefield.In this episode:– Trump’s prediction of a breakthrough within days– Pakistan’s central role in US–Iran backchannel diplomacy– Why the first talks failed — and why the second could succeed– The economic pressure of the blockade and secondary sanctions– China’s shifting position– The Australian refinery fire and global energy fragility– What markets are pricing in — and what they might be getting wrongSix days remain on the ceasefire clock. The next move is Tehran’s.Follow Epic Fury: The US-Iran War Podcast to stay ahead of every major development.