US President Trump on Truth says he has instructed Hegseth to hold off on the Iran attack that was initially planned for tomorrow after Saudi, UAE and Qatar requested him to do so as serious talks are now taking place

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Air defences were activated at Qeshm Island after detection of micro drones, Tasnim reports

[MARKET UPDATE] Geopolitical risk on seen, with upside in Stocks, Treasuries and gold, downside in Dollar and oil, as Trump holds off on Iranian attack scheduled for tomorrow

US President Trump on Truth says he has instructed Hegseth to hold off on the Iran attack that was initially planned for tomorrow after Saudi, UAE and Qatar requested him to do so as serious talks are now taking place

CRUDE WRAP: WTI (N6) SETTLES USD 3.36 HIGHER AT 104.38/BBL; BRENT (N6) SETTLES USD 2.84 HIGHER AT 112.10/BBL

Air defences activated on Qeshm Island near Strait of Hormuz, Mehr News reports

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  • Qatar, UAE, and Saudi Arabia asked Trump to hold off on the planned military attack on Iran, which was scheduled for tomorrow, as serious negotiations are now taking place. 
  • In their opinion, a deal will be made that is very acceptable to the US and the Middle East. 
  • Deal will include no nuclear weapons for Iran. 
  • Instructed DoW Chief Hegseth and General Caine that the US will not attack Iran tomorrow. 
  • Instructed them to be prepared to go forward with a full, large-scale assault of Iran on a moment's notice, in the event an acceptable deal is not reached. 

Full Post:

  • "I have been asked by the Emir of Qatar, Tamim bin Hamad Al Thani, the Crown Prince of Saudi Arabia, Mohammed bin Salman Al Saud, and the President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, to hold off on our planned Military attack of the Islamic Republic of Iran, which was scheduled for tomorrow, in that serious negotiations are now taking place, and that, in their opinion, as Great Leaders and Allies, a Deal will be made, which will be very acceptable to the United States of America, as well as all Countries in the Middle East, and beyond. This Deal will include, importantly, NO NUCLEAR WEAPONS FOR IRAN! Based on my respect for the above mentioned Leaders, I have instructed Secretary of War, Pete Hegseth, The Chairman of The Joint Chiefs of Staff, General Daniel Caine, and The United States Military, that we will NOT be doing the scheduled attack of Iran tomorrow, but have further instructed them to be prepared to go forward with a full, large scale assault of Iran, on a moment’s notice, in the event that an acceptable Deal is not reached. Thank you for your attention to this matter! President DONALD J. TRUMP"
Context

military plans reflects a significant de-escalation in tensions regarding Iran, prompted by requests from key Middle Eastern allies. The implications are noteworthy for risk assets, especially equities and energy, as any signs of diplomacy could stabilize markets, while the conditional readiness for military action introduces potential volatility depending on unfolding developments.

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