Why Trump backtracked on his Iran threat
President Donald Trump stepped back from his threat to attack Iran's power plants after a new diplomatic effort emerged. The effort, led by foreign ministers from countries like Egypt, Turkey, and Saudi Arabia, proposed a five-day pause in fighting to build trust and create space for a cease-fire.
President Donald Trump shifted from threatening Iran to diplomacy. A new diplomatic effort led by foreign ministers from countries like Egypt, Turkey, and Saudi Arabia proposed a pause in fighting. Behind the scenes, Egyptian intelligence opened a direct line to Iran's Islamic Revolutionary Guard Corps. They proposed a five-day pause to build trust and create space for a cease-fire. Trump became open to talks after learning about this effort. The conflict had started to hurt global markets, and there were concerns about its impact on the US economy and Trump's standing. The financial markets reacted quickly to the idea of a pause, with stocks surging and oil prices dropping sharply.
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