President Trump announced the cancellation of airstrikes against Iran, stating a peace deal is imminent. - Trump canceled strikes scheduled for Thursday evening, citing approval from Iranian leadership.
- The naval blockade will remain in effect until the deal is finalized. - Earlier Thursday, Trump had threatened to attack Iran "VERY HARD TONIGHT" and seize Kharg Island.
- The conflict has shut down the Strait of Hormuz, impacting global energy supplies. The announcement comes amid rising domestic inflation and declining public confidence in the administration's handling of the war.