Trump: Iran Deal Close, Strikes Called Off

📡 Financial Times yesterday · 1 min read ·

Part of composite article Iran Demands $100 Billion Back Before Signing Any Peace Deal View full article →

Markets rallied and oil prices dipped today after U.S. President Donald Trump announced that the United States is close to reaching a deal with Iran. Trump said the agreement would reopen the Strait of Hormuz, a key waterway for global oil shipments. He also confirmed that he has called off planned military strikes against Iran. The news sent stock markets higher and pushed crude oil prices lower, as investors welcomed the possibility of reduced tensions in the Middle East. No further details on the deal have been released.