Washington, April 11, 2026 — U.S. President Donald Trump announced on Monday that negotiations with Iran will begin after he decided to halt planned strikes against the Islamic Republic. The decision comes after Trump cited “perimeters of a deal” that would address Tehran’s “nuclear threat” and reopen the Strait of Hormuz, a critical shipping route (nst.com.my).
Oil prices dropped nearly 5% globally as markets reacted to the U.S. decision to pause military action, signaling a shift toward diplomatic engagement. Brent crude futures fell $4.08, or 4.64%, to $83.85, while U.S. West Texas Intermediate crude dropped $4.01, or 4.74%, to $80.66 (arabnews.pk). The move follows reports that Trump had agreed to hold off on attacks, citing progress in discussions aimed at de-escalating tensions (nbcnews.com).
Trump had previously indicated that talks would resume soon, though he did not set a specific deadline for an agreement (illawarramercury.com.au). The pause in strikes also coincides with the exit of two Saudi oil tankers from the Red Sea, which had been under threat, as the U.S. and Iran sought to reach a deal (aljazeera.com).
The decision reflects a broader effort to stabilize the region and prevent further escalation, though the outcome of the negotiations remains uncertain. (nbcnews.com)
