Trump cancels planned strikes on Iran, leading to a drop in airspace closure odds; closure by August 31 at 20.5% YES, but December 31 remains at 45.5% YES.

Trump cancels planned military strike against Iran. Full airspace closure by August 31 at 30.5% YES.

On Friday, Trump had said he was "losing faith" in the prospect of a peace deal and threatened to hit Iran "very hard."

The president remains committed to reopening the Strait of Hormuz and handicapping Iran's nuclear capabilities as the war continues.