President Trump says he scrapped a planned attack on Iran at the request of Gulf allies as "serious negotiations" on a peace deal are underway.

Trump delays Iran strike at Gulf states' request. Strait of Hormuz traffic normal by July 31 at 45% YES.

Oil prices briefly plunged after Iranian reports said that American officials had agreed to suspend sanctions against its crude amid peace talks. | World News

Oil prices have fallen and Asian stock markets have risen. President Donald Trump has paused military strikes, sparking hopes for a deal to end the conflict. This development…