President Donald Trump said he has canceled planned military strikes against Iran, pointing to progress toward an agreement that he described as covering the "perimeters of a deal."

Trump said the decision followed requests from Middle Eastern nations that pressed him to hold off and pursue negotiations instead. He said the outlines of a deal to end the conflict had been reached, and that the United States would stop new strikes while talks continued.

The move marked a turn in a confrontation that had raised concerns across global markets and among Gulf states, several of which had urged the administration to choose diplomacy over further military action. Reporting indicated that Saudi Arabia's crown prince had raised concerns with Trump about the scope of the planned strikes.

Among the elements tied to the emerging arrangement, Iran signaled it would allow the Strait of Hormuz to reopen, according to reporting cited by several outlets. The strait is one of the world's most important routes for oil shipments, and its status has direct consequences for energy prices. Trump and his allies also described an expectation that Iran's nuclear program would be addressed as part of the framework, though the specifics of any agreement were not detailed publicly.

The standoff had already rippled through financial markets. Oil prices had climbed amid the prospect of a wider war, and analysts noted that traders who had positioned themselves for continued disruption now faced a more uncertain outlook as the threat of imminent strikes receded.

Assessments of Iran's position varied. Some coverage framed Tehran as having gained leverage in the exchanges with Washington, describing Iran as setting the pace and leaving the administration with limited options. Other reporting emphasized the role of Gulf diplomacy and the reopening of Hormuz as signs of movement toward de-escalation.

The details of the arrangement remained unclear. Trump described progress toward a deal rather than a completed agreement, and the terms had not been formally released. Coverage also noted that planning for renewed strikes had been under discussion before the cancellation, underscoring how quickly the situation had shifted.

For now, the announced pause halts a military escalation that had drawn the attention of governments, energy markets, and investors worldwide. Trump described the negotiations, by his own account, as still underway.

References

1. 1.Multiple outlets — cancellation of planned strikes and Trump's "perimeters of a deal" characterization
2. 2.News reporting — requests from Middle Eastern nations and Saudi crown prince's concerns over strike scope
3. 3.News reporting — Iran signaling reopening of the Strait of Hormuz
4. 4.Single-source reporting — expectation that Iran's nuclear program would be addressed in the framework
5. 5.Market coverage — oil price movements and trader positioning amid the standoff
6. 6.News analysis — varying assessments of Iran's leverage versus Gulf diplomacy