Iran to halt attacks if US maintains pause after Trump cancels strikes

Iran has announced that it will cease attacks if the United States continues to hold off on military actions, according to an Iranian source. This statement follows President Donald Trump’s decision to cancel planned airstrikes against Iran, suggesting a conditional de-escalation between the two nations. The volatile situation involves a series of retaliatory exchanges and a tentative ceasefire regarding the strategic Strait of Hormuz. While the pause indicates potential stability, both sides have emphasized that the halt in hostilities is dependent on reciprocal restraint. Key Takeaways The Iranian statement appears to indicate a conditional halt in military actions, contingent on continued U.S. restraint. Market pricing suggests increased confidence in a resolution to the blockade, particularly with odds rising for an end by August 31, 2026. The current situation remains tense, with the ceasefire described as provisional and dependent on ongoing diplomatic negotiations. What to Watch Observers should monitor statements from key actors such as President Trump and Supreme Leader Ali Khamenei for any changes in stance that could impact the ceasefire. Developments in the Strait of Ho...