Trump Holds Off on New Iran Strike, Signals Hope for Quick Deal

President Donald Trump said late Saturday he would delay any fresh military action against Iran, provided a deal could be reached quickly to end Iran’s nuclear ambitions and reopen the Strait of Hormuz. Writing on Truth Social, Trump said Iran and other regional countries requested time to finalize an agreement, adding that Israel had joined him in agreeing to the pause.

Iran Warns of Proportionate Response

Iranian Foreign Minister Abbas Araqchi told Turkish, Pakistani, and Saudi officials that Tehran would respond decisively to any US or Israeli aggression, warning of a proportionate response should regional countries take part in future attacks. His comments came shortly after Kuwait’s army said it intercepted hostile Iranian drones targeting key facilities, with falling debris causing damage but no casualties.

Oil Markets and Shipping Routes Under Pressure

Brent crude prices climbed 30% in July, with analysts expecting further increases as shipping through the Strait of Hormuz remains disrupted. Additional maritime incidents were reported near Oman, while Houthi forces in Yemen have also raised tensions near the Bab el-Mandeb strait.