Donald Trump has canceled an attack against Iran that was scheduled to take place Thursday evening.
The president in a post on Truth Social suggested that the two countries had come to an agreement.
“Discussions and final points have been, in both concept and great detail, approved by all parties involved, including the United States, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others,” Trump wrote.
“The Naval Blockade will remain in full force and effect until this Transaction is finalized—Time and place of the signing to be announced shortly,” he added.
The markets immediately reacted to Trump’s announcement: Stock indexes soared and oil prices plummeted.
The Trump administration’s negotiating strategy with Tehran has promised peace deals week after week to no avail. The wildly unpopular Middle East conflict is currently in its fourth month.
U.S. forces had already bombed Iran through two consecutive nights this week in the White House’s latest attempt to force Iranian leadership into negotiations to end the war. The attacks occurred despite the obvious risks of escalation.
“If we need to negotiate with bombs, we will negotiate with bombs,” Defense Secretary Pete Hegseth said Wednesday. “We will strike them hard tonight and hopefully Iran makes a good decision.”
The development comes in the immediate wake of a violent threat Trump made against Iran earlier Thursday, in which he pledged that the U.S. would strike Iran “VERY HARD TONIGHT” and would further take control of Iranian oil assets and infrastructure, including Kharg Island.
Negotiators worked through Wednesday night in Tehran to iron out the specifications of the peace deal, which both Qatari and Iranian leadership believed would satisfy the White House’s expectations, reported Axios. Insiders that spoke with the publication said that the new plan narrowed in on three main issues: focusing on the mechanism for releasing Iran’s frozen assets, arranging to reopen the Strait of Hormuz during a 60-day ceasefire period, and creating a roadmap for negotiating Iran’s nuclear program during the ceasefire.
This story has been updated.
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