President Donald Trump said the United States will resume negotiations with Iran on Monday after deciding to cancel planned military strikes, raising fresh hopes for a diplomatic breakthrough in the Middle East.
Speaking aboard Air Force One, Trump said he halted the operation at the request of Saudi Arabia, the United Arab Emirates, Qatar and Iran. He added that negotiations would focus on Iran's nuclear program and the Strait of Hormuz, describing a potential agreement as imminent.
The renewed diplomatic push eased pressure on energy markets. Brent crude and West Texas Intermediate futures both fell sharply as investors anticipated reduced supply risks.
The report said mediation efforts continue over reopening the Strait of Hormuz, halting regional attacks and restoring Iranian oil exports, though no agreement has been finalized.
Related Tweet:
U.S. President @realDonaldTrump revealed on Monday that #Qatar, #SaudiArabia, the #UAE and #Iran all urged him to hold back a planned large-scale strike on Iran, saying he agreed after allies signalled a deal was within reach. “When the allies ask to throw it off, you got to… pic.twitter.com/E68LcLJUFm
— Doha News (@dohanews) August 3, 2026
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