President Trump announced Monday that he is postponing a military strike on Iran previously scheduled for Tuesday.
He claimed leaders from Saudi Arabia, Qatar, and the UAE requested the delay to allow "serious negotiations" toward a peace deal to continue. While military forces remain ready for a large-scale assault, the move follows months of high tension over control of the Strait of Hormuz oil route. Markets responded immediately to the de-escalation, with global oil prices falling more than 2% after the announcement.
Negotiators are now working against a tight deadline to secure a nuclear agreement before the U.S. resumes combat operations.
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