What did Trump explicitly cancel, and what condition did he attach to maintaining the US naval blockade?

Trump explicitly canceled the 'scheduled strikes and bombings against Iran this evening,' as stated in his social media post. He attached the condition that the US naval blockade of Iran 'will remain in full force and effect until this Transaction is finalized.'

Did Iran confirm agreement on a deal with the US, and what did its semi-official Fars News Agency report on that point?

No, Iran did not confirm agreement on a deal with the US. According to Iran’s semi-official news agency Fars, citing an 'informed source,' the country had 'not yet approved the text of any agreement with the US.'

Trump Cancels Planned Iran Strikes in Latest Reversal

Jun 11, 2026

President Trump canceled planned military strikes against Iran following reported negotiations, causing Brent crude prices to plunge nearly 4%. However, tensions persist over the Strait of Hormuz and potential oil infrastructure seizures.

bloomberg

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