Trump cancels new strikes on Iran, suggests progress toward peace deal
President Trump announced the cancellation of planned military strikes on Iran, citing progress in peace negotiations. The administration expects to finalize an extension of the current ceasefire in the coming days.
Why it matters
The potential de-escalation of conflict between the U.S. and Iran has major implications for global oil markets and Middle Eastern geopolitical stability.
U.S. President Donald Trump said Thursday he had called off new military strikes on Iran , claiming a breakthrough in negotiations to end the war just hours after the American leader threatened to escalate the conflict by seizing control of Iran s oil industry.
The article reports on the administration's claims while noting the lack of confirmation from other involved parties.
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