Trump says he is canceling fresh strikes on Iran, hints at possible peace deal
Trump said the deal could reopen the Strait of Hormuz and keep the blockade in place until signing, while Iran said no final decision had been made.
- President Donald Trump suggested on Thursday that the United States and Iran could sign a peace deal to end their three-month war as early as this weekend in Europe.
- The war has rattled global oil markets, with Iran keeping the Strait of Hormuz closed and blocking about 20% of the world's oil supply. Trump previously threatened to target Iranian infrastructure and seize Kharg Island to force negotiations.
- After Iranian state media leaked a 14-point plan on Friday, Trump dismissed the terms as "dishonorable" on Truth Social, asserting they do not match the actual written agreement including $300 billion in reconstruction.
- White House officials stated the deal requires dismantling Iran's nuclear program, with the United States destroying enriched uranium on-site. Economic relief for Iran will follow full compliance with agreed terms.
- The agreement will dominate next week's G7 summit in France. Rep. Michael McCaul, a former House Foreign Affairs Committee chairman, suggested Iran may try to "drag this out as long as they can" until closer to November elections.
724 Articles
724 Articles
Trump's capitulation has an obvious loser — one he desperately won't acknowledge
This week, the president canceled a planned attack on Iran intended to pressure the regime into making a deal. Donald Trump said he canceled, because a deal was already close at hand. It was the 39th time he said peace was imminent since the war started. CNN ran a super-cut:The regime denied a deal, but it did leak to Iran's state-run media text of the demands that it said the president had agreed to. The Wall Street Journal's Yaroslav Trofimov …
Conflicting accounts emerge of possible Iran peace deal
The world watched warily as Washington and Tehran made conflicting statements Friday about a potential deal toward ending the war that has roiled the Middle East for 3 1/2 months and strained the global economy.
Trump Claims Iran Has Agreed to End Conflict, Iran Says There’s No Deal
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. President Trump said Thursday that he had canceled planned strikes on Iran after claiming Tehran’s leadership approved a settlement to end the war. Getting into it: Speaking in …
Trump Calls Off Iran Strikes with Deal in Reach: "We Should Be Getting It Done In The Next Few Days."
The post Trump Calls Off Iran Strikes with Deal in Reach: “We Should Be Getting It Done In The Next Few Days.” appeared first on 24/7 Wall St.. President Trump announced planned U.S. military strikes against Iran have been cancelled and a memorandum of understanding could be signed within days. Markets rallied sharply on the de-escalation signal: S&P 500 +1.8%, Nasdaq +3%, while WTI crude fell 4-5% to below $98/barrel, lifting equity risk appe…
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