Trump Signals Move Toward Iran Deal, Cancels Planned Strikes as Tensions Ease
President Trump announced he has canceled planned military strikes on Iran and signaled a deal is expected to be finalized soon, marking a de-escalation after two days of intense US-Iran military exchanges that included strikes on multiple Iranian targets and retaliation attacks on US bases across the Middle East.
Trump Moves Toward Deal
President Donald Trump says he has canceled strikes on Iran planned for tonight, saying a deal with Iran is expected to soon be "finalized." The announcement comes after a dramatic 48-hour period of escalating military action between Washington and Tehran.
Escalation Pattern
The apparent softening follows a second day of strikes between the two countries after a U.S. military helicopter was downed, with the U.S. launching strikes and Tehran retaliating against American targets across the Middle East. The US fired 49 Tomahawk missiles at targets inside Iran, some as close as 40 miles from Tehran, while US fighter jets targeted radar and air defence systems near the Gulf.
Iranian Response
On 11 June, Iran's joint military command declared the closure of the Hormuz, including for oil tankers and commercial ships after the American attacks, adding that any vessel attempting passage will be shot at. Iran's powerful Islamic Revolutionary Guard Corps said it had fired ballistic missiles at a U.S. command center in Jordan, using 12 ballistic missiles, and claimed to have destroyed these facilities and a large number of fighter aircraft.
Global Impact
Tensions between Washington and Tehran have added to market jitters, with Brent crude rising 1.8% Wednesday to $91.10 per barrel. The conflict, which began in late February 2026 with the assassination of Iranian Supreme Leader Ali Khamenei, has disrupted global oil markets and energy prices significantly.