Trump cancels Iran strikes, touts imminent deal

AI Summary

U.S. President Donald Trump canceled planned strikes against Iran and announced a potential imminent peace deal between the countries. This announcement triggered a rally in global stock markets and a decline in oil prices, suggesting possible geopolitical and economic impact.

US President Donald Trump withdrew his threat of further strikes against Iran on Thursday and said a deal with Tehran to end the war could be signed in coming days. As the World Cup opening ceremony got underway in Mexico, Trump posted news of a potential breakthrough, triggering a stock market rally and a drop in oil prices. Claiming that talks with Iran had been "brought to the highest level of Iranian leadership and approved," Trump said he had "cancelled the scheduled strikes and bombings against Iran this evening."