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Trump cancels strikes against Iran planned for Thursday evening - Finance news and analysis from Global Banking & Finance Review
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Trump cancels strikes against Iran planned for Thursday evening

Published by Global Banking & Finance Review

Posted on June 11, 2026

1 min read

· Last updated: June 11, 2026

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Trump Cancels Planned Military Strikes Against Iran Amid Ongoing Negotiations

Overview of Recent Developments in U.S.-Iran Relations

Trump's Announcement of Strike Cancellation

WASHINGTON, June 11 (Reuters) - U.S. President Donald Trump said he has canceled planned strikes against Iran on Thursday, hours after threatening more bombings and a desire to "take" oil export hub Kharg Island.

Official Statement on Truth Social

"Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening," Trump wrote in a post on Truth Social.

International Involvement and Approval

Trump said "discussions and final points" have been approved by the United States, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others.

Ongoing Naval Blockade and Next Steps

"The Naval Blockade will remain in full force and effect until this Transaction is finalized — Time and place of the signing to be announced shortly," he said.

Reporting and Editorial Credits

(Reporting by Susan Heavey and Ryan Patrick Jones in Toronto; Editing by Doina Chiacu)

Key Takeaways

  • Trump called off Thursday evening strikes after discussions were elevated to top levels of Iranian leadership and approved by the U.S. and several regional partners. (reddit.com)
  • The U.S. naval blockade on Iran continues to be enforced until a transaction is finalized, with the timing and location of any signing to be announced later. (reddit.com)
  • Kharg Island, Iran’s main oil export hub responsible for about 90% of its crude exports, remains a strategic flashpoint amid past U.S. strikes and threats of a potential seizure. (axios.com)

References

Frequently Asked Questions

Why did President Trump cancel the planned strikes against Iran?
President Trump canceled the strikes after high-level discussions with Iranian leadership and approval from several countries.
What is the status of the naval blockade on Iran?
The naval blockade will remain in full force and effect until the transaction is finalized.
Which countries were involved in the discussions about Iran?
The US, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others were involved.
What is the significance of Kharg Island in this context?
Kharg Island is a major oil export hub mentioned as a target in earlier threats.
Will there be further negotiations between the US and Iran?
Yes, the time and place for signing an agreement will be announced once negotiations conclude.

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