US President Donald Trump stated that Saudi Arabia, the United Arab Emirates, Qatar, and Iran called on him to postpone planned military attacks.
Trump said the planned operation against Iran would be very large-scale and powerful, but he suspended the attack plan after countries in the region requested time for diplomatic negotiations.
Trump stated that allies in the region believe an agreement is close, and that the first phase of talks is focused on security and reopening the Strait of Hormuz. According to Trump, once this is agreed upon, negotiations on the Iranian nuclear program will begin.
The Strait of Hormuz is one of the world's most important transit points for oil and liquefied natural gas transportation. Military conflict in the region is considered to have significant implications for energy prices and global trade.
Additionally, Trump announced that new negotiations with Iran will begin tomorrow.
Trump also commented on events concerning the Japanese yen. He stated that the US intervened in the market due to good relations with Japan, claiming that Washington has always supported Tokyo and that the US also derives economic benefit from the relevant rules.
*This is not an investment recommendation.
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