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- President Donald Trump canceled an upcoming round of U.S. military strikes against Iran, claiming on Truth Social that talks with the Islamic Republic have been “approved.”
- Trump — who has claimed for months that a peace deal with Iran is close at hand — indicated that an agreement has yet to be made official.
- Stock indexes nevertheless soared, and oil prices sank, right after Trump’s announcement.
watch nowVIDEO01:35Trump: Canceled the scheduled strikes against Iran this eveningThe Exchange
President Donald Trump on Thursday canceled an upcoming round of U.S. military strikes against Iran, claiming that talks with the Islamic Republic “have been brought to the highest level of Iranian leadership and approved.”
“Discussions and final points have been, in both concept and great detail, approved by all parties involved,” including Israel and nine other regional powers, Trump wrote on Truth Social just hours after vowing to hit Iran “very hard” on Thursday evening.
But Trump — who has claimed for months that a peace deal with Iran is close at hand, only for none to emerge — indicated in his latest post that the purported agreement has yet to be made official.
The U.S. Naval blockade of Iranian ports in the Gulf of Oman will “remain in full force and effect until this Transaction is finalized,” Trump wrote.
Stock indexes nevertheless soared, and oil prices sank, right after Trump’s announcement.
“Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening. Discussions and final points have been, in both concept and great detail, approved by all parties involved, including the United States, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others. The Naval Blockade will remain in full force and effect until this Transaction is finalized — Time and place of the signing to be announced shortly.”
The president’s latest signal of a forthcoming deal came just as the U.S.-Iran war appeared to be returning to full-scale conflict, further undermining a threadbare ceasefire and seeming to preclude any prospect of a swift peace.
On Thursday morning, Trump warned on social media that the U.S. would attack Iran “VERY HARD TONIGHT,” and would soon take control of Iran’s oil infrastructure assets, including Kharg Island.
Trump accused Iran of shooting down a U.S. Army helicopter as it patrolled over the Strait of Hormuz on Monday evening.
The U.S. launched strikes in retaliation on Tuesday, prompting a military response from Iran. The U.S. fired more missiles on Wednesday.
Meanwhile, Iranian state media reported earlier Thursday that Elon Musk‘s companies in the Middle East, including SpaceX’s Starlink internet service, would be viewed as military targets.
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