$15 Million Reward Offered as Trump Says Iran War Will End Soon

President Donald Trump said Tuesday, Sept. 29, 2026, that the war with Iran would be "over with very soon," though he offered no timeline or details on how a resolution would be reached, according to ABC News.

What did Trump say about ending the war?

Speaking from the Oval Office, Trump told reporters, "Iran will not have a nuclear weapon. And they're failing very badly, very badly. That'll be over with very soon. It'll be over with very, very soon," ABC News reported. He added that Iran "will not have a nuclear weapon" and predicted oil prices would fall, but he did not describe what steps would bring the conflict to a close.

What new sanctions did the State Department announce?

The State Department on Tuesday announced sanctions on entities and individuals it said were tied to Iranian arms procurement networks, part of what officials call Operation Economic Outcast. Spokesperson Tommy Pigott said in a statement reported by ABC News: "Over the last year, Iran has continued its attempts to procure arms and related materiel, expanding its destabilizing activities in violation of the restored UN measures. Today's sanctions target these activities and third-country entities that further Iran's defense industry and proliferation activities."

Pigott also said the department would offer rewards of up to $15 million for "information leading to the disruption of the financial mechanisms of Iran's Islamic Revolutionary Guard Corps" and its branches, according to the same ABC News report.

What is Operation Economic Outcast?

ABC News described Operation Economic Outcast as the U.S. economic pressure campaign against Tehran, which Trump has called an "economic D-Day." The campaign follows Trump's August announcement of what he termed a "crushing economic operation" intended to force Iran into submission, according to the outlet's live-update timeline.

Why did Iran condemn Netanyahu's visit to the UAE?

Iran's Foreign Ministry on Tuesday condemned Israeli Prime Minister Benjamin Netanyahu's visit to the United Arab Emirates, warning of "very dangerous consequences" from Israeli "presence in the region," per Iranian state media as cited by ABC News. The ministry said "all countries in the region must be wary of the consequences ... of such a presence, which threatens the collective peace and security of the region," and added that "regional governments are expected to understand their responsibility for regional peace and stability."

How did the conflict reach this point?

ABC News' timeline traces the war to Feb. 28, 2026, when Trump announced "major combat operations" against Iran, including joint U.S.-Israeli strikes on military, government and infrastructure sites. Delegations from both countries entered negotiations in June around a memorandum of understanding, but talks broke down as strikes continued, with the Strait of Hormuz emerging as the primary flashpoint, according to the report. Trump has separately said the U.S. now has "total control of the Hormuz Strait," though the claim was not independently detailed in the sourced material. Qatar has continued mediation efforts between Washington and Tehran, ABC News reported.

No ceasefire date or negotiation framework has been publicly confirmed by either government as of the report's last update, Sept. 30, 2026, at 3:36 a.m. EDT.

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