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US President Donald Trump on Thursday pulled back from threatened military strikes against Iran, hours after vowing to hit the Islamic Republic 'VERY HARD'.
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Iran, United States, Europe, Kharg Island, Strait of Hormuz
Who
US President Donald Trump, Vice President JD Vance, Israeli Prime Minister Benjamin Netanyahu, Turkish President Recep Tayyip Erdogan, Iran's supreme leader, leaders of the United Arab Emirates, Saudi Arabia, Bahrain and Kuwait, Fars news agency, Qatar
What
US President Donald Trump on Thursday pulled back from threatened military strikes against Iran, hours after vowing to hit the Islamic Republic 'VERY HARD'.
When
Thu, 11 Jun 2026 21:18:29 GMT · 2h 38m ago
Where
Iran, United States, Europe, Kharg Island, Strait of Hormuz ·
Why
Trump stated he canceled attacks due to 'discussions' 'brought to the highest level of Iranian leadership' aimed at a negotiated end to the conflict.
The Frontline Impact
How this affects you
Trump's announcement and the prospect of a deal led to oil prices falling below $90 a barrel and a rebound in stock markets. However, the rapidly shifting rhetoric contributes to market volatility as traders seek clarity on a potential agreement.
Story chain
10 events in this thread- Markets1h 46m agoUS stocks rallied and oil prices tumbled Thursday after US President Trump announced the cancellation of planned US strikes on Iran and touted an agreement with Iran.Open article
- Markets2h 19m agoWall Street stocks rallied and oil prices tumbled Thursday (Jun 11) after US President Donald Trump pulled back from renewed US strikes on Iran.Open article
- Markets2h 19m agoWall Street stocks rallied and oil prices tumbled Thursday after US President Donald Trump pulled back from renewed US strikes on Iran while European equities edged higher after the ECB raised interest rates.Open article
- Markets2h 19m agoWall Street stocks rallied and oil prices tumbled Thursday (Jun 11) after US President Donald Trump pulled back from renewed US strikes on Iran.Open article
- Currently Reading2h 38m agoUS President Donald Trump on Thursday pulled back from threatened military strikes against Iran, hours after vowing to hit the Islamic Republic 'VERY HARD'.
- Markets3h 11m agoU.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran.Open article
- Markets3h 21m agoStock indexes settled sharply higher on Thursday, after geopolitical risks eased when President Trump canceled planned strikes on Iran and signaled that a peace deal to end the war was imminent.Open article
- Markets3h 37m agoU.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran.Open article
- Markets3h 39m agoRisk sentiment improved markedly on Thursday after US President Trump touted a deal with Iran and announced that planned US strikes scheduled for tonight had been cancelled.Open article
- Markets4h 47m agoUS stocks, including chip stocks, rebounded on Thursday afternoon after President Trump announced he called off impending strikes on Iran.Open article
Verified Sources & Citations
- HIGHNew York Posthttps://nypost.com/2026/06/11/business/dow-jumps-nearly-800-points-after-trump-calls-off-iran-strikes-chip-stocks-rebound/
- HIGHZeroHedgehttps://www.zerohedge.com/markets/oil-slides-and-stocks-rally-trump-touts-usiran-deal-newsquawk-us-market-wrap
- HIGHNewsmaxhttps://www.newsmax.com/finance/streettalk/stocks-rally-oil/2026/06/11/id/1259380/
- HIGHBarcharthttps://www.barchart.com/story/news/2430056/stocks-settle-sharply-higher-on-middle-east-peace-hopes
- HIGHLos Angeles Timeshttps://www.latimes.com/business/story/2026-06-11/stocks-jump-to-their-best-day-in-2-months-on-hopes-for-deal-to-get-crude-flowing-globally-again
- HIGHHindustan Timeshttps://www.hindustantimes.com/world-news/trump-calls-off-threatened-iran-strikes-says-us-deal-could-be-signed-this-weekend-101781212290303.html
- HIGHCNAhttps://www.channelnewsasia.com/world/us-stocks-oil-prices-trump-iran-strikes-deal-6177956
- HIGHZeroHedgehttps://www.zerohedge.com/markets/us-stocks-rallied-and-oil-slumped-after-trump-cancelled-planned-strikes-iran-and-touted