United States President Donald Trump has announced the cancellation of planned military strikes against Iran, citing progress in ongoing high-level discussions with the Iranian leadership.
In a statement shared on his Truth Social platform, Trump said the decision followed significant diplomatic developments involving the Islamic Republic of Iran and several international stakeholders.
“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… cancelled the scheduled strikes and bombings against Iran this evening,” Trump stated.He further revealed that a potential agreement is nearing completion, adding that, “Time and place of the signing to be announced shortly.”
Before Trump’s announcement, tensions had risen sharply as both nations exchanged threats and military actions, raising fears of a wider regional conflict.
Iran’s chief negotiator and parliamentary speaker, Mohammad Bagher Ghalibaf, warned the United States that renewed military action could trigger long-term instability and economic disruption.
“Wrong strategies and impulsive decisions will reset the entire board for the worse, explode energy infrastructure and markets and create an endless quagmire that you will be stuck in for years,” Ghalibaf said.
The conflict, which began on February 28 following a series of US-Israeli strikes on Iran, was temporarily halted under a ceasefire agreement in April. However, efforts to secure a permanent peace deal have faced repeated setbacks.
Hours before reversing course, Trump had threatened to launch fresh attacks on Iran and even suggested taking control of Kharg Island, Iran’s main oil export terminal.
“At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets, much like we have with Venezuela,” Trump had said.
Iranian military officials responded by warning that any renewed attacks would be met with a stronger response and could spread instability across the region.
The ongoing tensions between Washington and Tehran have contributed to volatility in global oil and gas markets, increasing concerns over inflation and economic growth.
The World Bank recently lowered its global growth forecast for 2026 to 2.5 percent, citing rising geopolitical tensions, higher energy costs, and disruptions to global supply chains as major risks.
Despite the fragile situation, Trump’s latest announcement has raised hopes that a diplomatic agreement could help prevent further military escalation and restore stability in the region.
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