On August 2, 2026, US President Donald Trump announced a pause on the planned military strikes against Iran following urgent requests from Saudi Arabia, the UAE, Qatar, and Iran itself.
The president described the operation as potentially extensive and forceful but agreed to delay it to allow diplomatic efforts to proceed. Regional allies believe a deal is close, focusing first on securing and reopening the Strait of Hormuz.
This strait remains a vital corridor for global oil and liquefied natural gas shipments, so any conflict there threatens to spike energy prices and disrupt trade worldwide.
Trump also revealed that fresh talks with Iran will start tomorrow, emphasizing the sequence: stabilize the strait, then address Iran’s nuclear program.
In a separate comment, Trump touched on the recent moves involving the Japanese yen, noting US intervention in the currency market supports Japan’s economic stability and benefits the US as well.
