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.

wallstreetcn07:55

No more idle weekend positions! CME Group embraces 24/7 trading, unveiling around-the-clock WTI crude oil and gold futures contracts.

CME Group plans to launch 24/7 trading for WTI crude oil and gold futures contracts.

Zhitong Finance11:02

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

Breakings01:34

91 trading days to a 'lightning-fast bear market'! Why did gold collapse?

① On Wednesday, Comex gold futures closed at their lowest level of the year—marking their first official entry into a bear market in four years; ② What struck many precious metals traders as particularly ironic was that this occurred precisely amid growing uncertainty over the prospects of war in the Middle East, even as investors continued to seek safer havens for their capital.

cls.cnJun 11 09:48

Having repeatedly emphasized being 'close to a deal,' Trump has now shifted to a 'tougher stance'—can he break the U.S.-Iran stalemate of 'neither war nor peace'?

The immediate trigger for this U.S. military strike was Iran's downing of a U.S. Apache attack helicopter, while the deeper cause lies in Trump's mounting frustration over Iran’s failure to respond to his proposals for nearly two weeks. The United States and Iran have been locked in a back-and-forth cycle of military exchanges and diplomatic maneuvering: Trump has declared 38 times that a deal is 'imminent,' only for negotiations to repeatedly collapse—further undermined by Israel’s timely interference. This exhausting cycle of threats, de-escalation, and deadlock is now pushing global energy markets toward a new tipping point.

wallstreetcnJun 11 08:32