Reversed within just a few hours! Trump says plans to strike Iran have been canceled, agreement largely finalized, and may be signed in Europe this weekend.

Trump posted that U.S.-Iran negotiations have been approved by Iran’s Supreme Leader, and the final terms have been approved by relevant parties including the U.S. and Israel. He added that the U.S. maritime blockade on Iran will remain in place until the agreement is finalized. Iranian media later stated that Iran has not yet approved any agreement text. Following Trump’s post, crude oil prices turned lower, at one point falling nearly 4%. Trump hinted that a major deal could be finalized within days, saying the Strait of Hormuz would be reopened immediately upon signing the agreement. The three major U.S. stock indices hit new daily highs, each rising at least 2%. Iran responded firmly to Trump’s earlier threats on Thursday of severe strikes and his remarks about seizing islands, warning that any further U.S. attack would trigger an even harsher response and that any miscalculation by the enemy would provoke retaliation beyond imagination.

wallstreetcn04:29

Trump halts strikes on Iran, saying a peace agreement will be signed 'in the coming days'; Iran responds: no conclusion yet!

Just hours after threatening to strike Iran "very hard" and seize its oil facilities, Trump abruptly reversed course: canceling military action, announcing a "great war solution" had been reached with Iran, stating the document would be finalized "in the coming days," suggesting Vance might travel to Europe to sign it over the weekend, and asserting the Strait of Hormuz would "open soon."

Golden10 Data46minutes ago

Express News | Trump stated that the U.S.-Iran agreement has entered the final drafting stage and is expected to be signed this weekend.

Breakings03:33

Oil markets withstand the largest supply shock in history! Middle Eastern crude quietly bypasses the Strait of Hormuz, but the disappearance of inventory buffers is amplifying risks of a price rebound.

A range of alternatives is helping keep international oil prices below $100 per barrel. Among these, an increasing number of Gulf energy-producing countries are using discreet methods to ship crude oil and other energy products to international markets, thereby alleviating supply shocks.

Zhitong FinanceJun 11 16:55

Express News | International oil prices declined on the 11th.

Breakings03:28

Express News | Iranian media: The likelihood of Iran approving the text is very high.

Breakings03:17