Trump Pauses Iran Strikes to Reopen Peace Negotiations

Donald Trump signaled a pause in threatened military strikes against Iran to reopen peace negotiations and pursue a nuclear deal. He described the current talks as Tehran's "last chance" to reach an agreement. This diplomatic shift caused global oil prices to tumble and sparked a rally in U.S. equity markets, following a period of volatility driven by threats to oil tankers in the Strait of Hormuz.

Alongside the de-escalation, Trump criticized oil giants ExxonMobil and Chevron, stating they made "too much money" from high energy prices during the conflict and urging the companies to lower gas prices.

During this period, the U.S. and Japanese governments conducted a joint market intervention to support the Japanese yen. Domestically, 25 U.S. states filed lawsuits challenging the legality of the administration's latest global tariffs. Additionally, the Federal Aviation Administration certified Boeing's 737 MAX 7 after extensive delays, and the White House finalized a voluntary framework for evaluating advanced AI models and cybersecurity.