Trump Cancels Iran Strikes, Flags Deal as 90% of Iran Oil Exports Hang on Kharg Island
Updated
Updated · Euronews · Jun 11
Trump Cancels Iran Strikes, Flags Deal as 90% of Iran Oil Exports Hang on Kharg Island
3 articles · Updated · Euronews · Jun 11
Summary
Trump said he canceled US strikes planned for Thursday night after "final points" of a possible deal with Iran were approved at the highest level of Iranian leadership, with signing details to come.
The shift followed a sharp escalation earlier Thursday, when Trump threatened to hit Iran "VERY HARD" and seize Kharg Island, the terminal that handles about 90% of Iran's crude exports.
US and Iranian forces had traded strikes for a third day, while Washington kept its mid-April naval blockade in place and said it would continue until any agreement is finalized.
Kharg Island's role in Iran's oil revenue and the wider dispute over the Strait of Hormuz and Tehran's nuclear program have kept global energy markets on edge as both sides test whether talks can halt a broader war.