US President Donald Trump announced that Saudi Arabia, the United Arab Emirates, Qatar, and Iran had urged him to postpone the planned military attacks.
Trump said the planned operation against Iran would be very comprehensive and powerful, but he suspended the attack plan after regional countries requested time for diplomacy.
Trump stated that allies in the region believe an agreement is close, and that the first phase of talks focuses on the security and reopening of the Strait of Hormuz. According to Trump, once this is agreed upon, negotiations on Iran’s nuclear program will begin.
The Strait of Hormuz stands out as one of the most critical transit points for global oil and liquefied natural gas transportation. A military conflict in the region is considered to have significant consequences for energy prices and global trade.
In addition, Trump announced that new talks with Iran will begin tomorrow.
Trump also commented on developments concerning the Japanese yen. He stated that the US intervened in the market due to its good relations with Japan, arguing that Washington has always supported Tokyo and that the US also benefits economically from the relevant regulations.
*This is not investment advice.