President Trump canceled a planned attack on Iran after Tehran requested a pause and agreed to open the Strait of Hormuz. Embassies warned Americans to leave, and oil prices rose.
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President Donald Trump said early Sunday he canceled a planned attack on Iran after Tehran and its regional neighbors asked for a pause. The agreement, Trump wrote on Truth Social, includes the "Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT" and an end to Iran's nuclear threat.
"Based on this request, I have agreed, for the future benefit of the WORLD and, likewise, the survival of a successful and prosperous Iran, to cancel the attack," Trump said. He added that Israel joined him in the commitment. The U.S. remains "locked and loaded and ready to go," he said.
Iran's Fars International state news agency called Trump's demands a "wish list." Foreign Minister Abbas Araqchi warned Saudi Arabia that any "aggression" by the U.S. or Israel would meet a "decisive and proportionate response," according to his Telegram account.
The cancellation came after U.S. embassies in the Middle East warned American citizens to consider leaving the region immediately. The warnings from Iraq and Jordan, as well as the United Arab Emirates, urged citizens to be prepared for flight cancellations. A tanker near Oman reported being struck late Friday, and a second vessel saw an explosion nearby. The warnings followed a temporary ceasefire that broke down after June 17, with neither side yielding on Iran's nuclear program or control of the Strait of Hormuz.
The Wall Street Journal reported Friday that Trump had ordered the military to prepare strikes as soon as this weekend. Officials told the Journal the strikes could be called off if diplomacy advanced. "We will be hitting them very hard," the Associated Press quoted Trump as saying Friday at a televised cabinet meeting at Camp David.
Over the past week, the U.S. completed a "heavy wave" of strikes against Islamic Revolutionary Guard Corps targets. Iran retaliated by attacking U.S. bases in Kuwait and Bahrain. Egypt said Thursday that a drone hit two ships at its Mediterranean port of Damietta, triggering a fire. No one claimed responsibility.
Araqchi warned Turkey and Pakistan against "adventurous action" by the U.S. in separate phone calls. Iran's Supreme National Security Council secretary, Mohammad Bagher Zolghadr, said the U.S. naval blockade would lead Iran to "lock the Strait of Hormuz tighter" and shut other chokepoints, according to WANA news agency.
West Texas Intermediate futures rose 1% Friday to close at $84.67 a barrel. Brent crude settled at $90.12. Both benchmarks fell more than 5% for the week after Monday's selloff on hopes of de-escalation.
Earlier in the conflict, oil prices had briefly pierced $100 a barrel after the U.S. struck Iran from the Caspian Sea to the Gulf.
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