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

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

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

Breakings03:17

Express News | Trump: Canceled tonight's strike on Iran; will announce the time and location for signing the agreement soon.

Breakings01:34

The World Bank warned that uncertainty is too high to make economic forecasts for Iran, Lebanon, and Syria this year.

Gelonghui, June 11 | The World Bank said on Thursday that it expects the economies of Iraq, Kuwait, and Qatar to contract by ****%, and 5.7%, respectively, this year due to proximity to conflict zones. The bank stated that uncertainty is too high to make forecasts for Iran, Lebanon, and Syria. The institution’s economists now project commodity prices to rise by 22% this year, a sharp revision from their January forecast of a 7% decline. The price increase is primarily driven by oil, with the average oil price in 2026 now projected at $94 per barrel—$34 higher than the January forecast.

Gelonghui FinanceJun 11 21:40

“Super Squeeze” Hits! Iran War Ignites Metals Markets; Copper and Aluminum Prices May Remain Elevated for Years

The conflict involving Iran is triggering a 'super squeeze' in the metals market, analysts warn, noting this episode differs fundamentally from past supercycles and could keep prices elevated for several years.

Golden10 DataJun 11 13:33