Trump Halts New Strikes on Iran

Washington, 2 Aug 2026 (ONA) — U.S.
President Donald Trump has postponed the launch of new military strikes against
Iran, in hopes of reaching a swift agreement.

In a post on his Truth Social
platform, Trump stated that Iran and “other countries in the Middle
East” had requested a grace period to finalize an accord that would lead
to the reopening of the strategic strait and bring an end to Iran’s nuclear
threat.

“Israel stands with me in
this commitment,” Trump wrote. Israel has not yet issued any official
public statement on the matter.

Earlier this week, Iran warned
against any “reckless action” by the United States, declaring that it
would respond decisively if U.S. forces carried out President Trump’s threats
of fresh attacks on Iranian targets.

Oil prices have remained elevated
since U.S. and Israeli forces commenced hostilities with airstrikes on Iran on
28 February.

Benchmark Brent crude futures
rose by 24 percent in July.

Since the outset of the conflict,
the risk of Iranian counterstrikes has severely disrupted most shipping traffic
through the Strait of Hormuz—a critical artery for global energy
supplies—triggering a shockwave that has reverberated across the world economy.

— Ends/AH