Trump cancels Iran attack after telling regime ‘clock is ticking’ to end the war - US President Donald Trump has called off planned strikes against Iran, stating the decision was made at the request of Gulf allies to allow for "serious negotiations." - Writing on Truth Social, Trump instructed the US military to remain prepared for a "full, large scale assault" on Iran should an acceptable deal not be reached. - This development followed Trump's earlier warning that Iran's window for reaching an agreement was closing, threatening renewed conflict after a fragile ceasefire. - Iran's foreign ministry spokesman, Esmaeil Baqaei, responded by affirming Tehran's commitment to diplomacy but warned of a "full strength" retaliation to any attack. - "Dialogue does not mean surrender," Iranian President Masoud Pezeshkian added on X. "The Islamic Republic of Iran enters into dialogue with dignity, authority, and the preservation of the nation's rights, and under no circumstances will it retreat from the legal rights of the people and the country. The Iranian government has stressed that it will “not retreat” from the “legal rights of the people and the country.”
Trump cancels Iran attack after telling regime ‘clock is ticking’ to end the war - US President Donald Trump has called off planned strikes against Iran, stating the decision was made at the request of Gulf allies to allow for "serious negotiations." - Writing on Truth Social, Tr…
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A tanker identified as the Kaifan was struck by an unknown projectile northeast of Oman’s Limah in the Strait of Hormuz, according to a July 21 report from UK Maritime Trade Operations. No ships were observed transiting the strait that day. Attribution of the strike and links to prior incidents have not been confirmed by the vessel’s owner.
Goldman Sachs has projected Brent crude averaging $80 per barrel in the fourth quarter and $75 in the following year, conditional on reduced Middle East tensions, while noting upside risks from potential shipping disruptions in the Strait of Hormuz or Red Sea.
Brent prices rose above $91 per barrel amid recent U.S.-Iran exchanges and Houthi threats to Saudi shipments before edging lower on Tuesday. A senior Iranian official told Reuters that mediators had proposed a 10-day ceasefire to preserve an interim agreement.
US forces struck the tanker Settebello in the Gulf of Oman on June 10, killing three Indian crew members when munitions hit the engine room and adjacent areas. Maritime tracking data indicate the vessel had transported Iranian oil under US sanctions for several years and conducted offshore transfers prior to the strike.
The US military described the action as a precision operation, while reports note the ship was stationary at the time.
Iranian officials reported strikes on US radar and air defense sites in Kuwait and Bahrain, along with the interception of two oil tankers in the Strait of Hormuz. The United States conducted strikes on Iranian targets following the deaths of three US soldiers, with the Pentagon stating the actions aimed to degrade capabilities affecting shipping.
Houthi forces in Yemen announced plans to blockade Saudi ports, while both US and Iranian leaders issued statements on further escalation.