Summary
- Trump said he had delayed plans for a military strike on Iran at the request of Middle Eastern leaders.
- He said negotiations between the US and Iran are underway, but Washington is prepared to launch a large-scale military attack immediately if the talks fail.
- Markets are watching whether progress in US-Iran talks and shifts in Middle East geopolitical risk will affect global oil prices and broader financial markets.
Forecast Trend Report by Period
President Donald Trump said he has delayed a planned US military strike on Iran, as mediation by Middle Eastern leaders revives the prospect of negotiations.
In a Truth Social post on May 18, Trump said he postponed the planned attack at the request of Qatar's Emir Sheikh Tamim bin Hamad Al Thani, Saudi Crown Prince Mohammed bin Salman and UAE President Mohamed bin Zayed.
He said negotiations with Iran are now underway and that Gulf leaders believe a deal is possible to prevent Tehran from acquiring nuclear weapons.
Trump also said the US is prepared to launch a large-scale military attack immediately if the talks fail.
The US military remains at its highest level of alert, he added.
The US and Iran have recently remained at odds over Tehran's nuclear program and the Strait of Hormuz.
Markets are watching whether progress in US-Iran talks and shifts in Middle East geopolitical risk will affect global oil prices and broader financial markets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
