Desperate Scramble Behind Trump’s Massive War U-Turn Revealed
The Daily Beast • • world
Key Points:
- President Donald Trump initially threatened to bomb Iranian energy infrastructure if Iran did not open the Strait of Hormuz within 48 hours, causing market turmoil and global concern.
- Behind the scenes, regional partners from Egypt, Turkey, Saudi Arabia, and Pakistan held a diplomatic summit in Riyadh to find a peaceful solution, eventually proposing a five-day ceasefire.
- Trump, frustrated by market reactions and lack of NATO support, accepted the diplomatic off-ramp, announcing a postponement of military strikes on Iranian power plants for five days.
- The decision to de-escalate led to a significant stock market rally and a sharp drop in oil prices, although skepticism remains among Arab mediators and Iranian officials deny the talks are ongoing.
- Iran’s parliamentary speaker criticized the optimistic tone from Trump as a tactic to manipulate financial markets and deflect from the challenges faced by the U.S. and Israel.
