- Donald Trump announced that peace talks with Iran would take place on Monday.
- He cancelled what he described as Second World War-level strikes against Iran, telling reporters aboard Air Force One: “It was going to be a massive attack.”
- The decision to call off the attacks was made following requests from Gulf allies, including Saudi Arabia, the UAE, and Qatar, as well as unnamed Iranian officials.
- Trump said a deal will be reached on the Strait of Hormuz and an agreement to denuclearise Tehran will follow.
- Oil prices, specifically Brent crude futures, sank over 6 per cent to $82.41 after Trump said talks with Iran will happen today.
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