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WorldJun 12, 2026

Trump Cancels Iran Strikes, Says Peace Deal Will Be Signed Within Days

President Trump announced on June 12, 2026, that he had called off a planned military strike against Iran after talks reached the highest levels of Iranian leadership, adding that a formal agreement could be signed in Europe within days. Stock markets rose and oil prices fell toward $89 per barrel as investors hoped the Strait of Hormuz would soon reopen to normal shipping. Iran's foreign ministry cautioned that a final deal had not yet been formally concluded.

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