Trump just cancelled the US attack on Iran and stated that the "perimeters of a deal" have been agreed to including the immediate and complete opening of the Strait of Hormuz.

What happened

Former President Donald Trump announced that the United States will not proceed with a planned military strike against Iran and said that the parties have agreed on the basic terms of a deal that would fully reopen the Strait of Hormuz immediately.

Confirmed

Global impact / market context

The cancellation removes the risk of a sudden escalation between the U.S. and Iran, which could have disrupted global oil supplies and raised energy prices. Reopening the Strait of Hormuz would restore a key shipping lane for crude oil, supporting market stability.

Analyst inference

Oil markets have been volatile due to fears of conflict in the Middle East. A de‑escalation and the reopening of the strait are likely to ease price pressures, benefiting energy‑related equities and reducing risk premiums across broader markets.

Analyst inference

What to watch

1. Any official confirmation from the U.S. State Department or Iranian authorities about the deal’s details, which would clarify implementation timelines. Proposed
2. Changes in crude oil spot and futures prices, as they reflect market reactions to the reduced conflict risk and potential increase in shipping capacity. Analyst inference
3. Statements from major shipping companies about resuming full traffic through the Strait of Hormuz, indicating operational impacts on logistics and freight rates. Proposed

Evidence

• x.com