Trump Cancels Planned Strike on Iran, Agreement Signing Time and Location to be Announced Soon

On June 12, U.S. President Trump announced on social media: "In light of discussions with the Islamic Republic of Iran that have been submitted to and approved by Iran's Supreme Leadership, I, as President of the United States, have canceled the planned strike and bombing operations against Iran scheduled for tonight. The discussions and final points have been approved by all relevant parties, both in principle and in many details, including the United States, Israel, Saudi Arabia, the UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and other countries. The maritime blockade will remain fully effective until this agreement is formally implemented—the time and location of the signing will be announced soon." Following this news, data from Bitget shows that the three major U.S. stock indices collectively rose, each increasing by over 1%. Bitcoin briefly surged over 1%, currently priced at $63,167. Spot gold saw a short-term increase of $30, breaking through $4,130 per ounce, up 1.4% for the day. WTI crude oil briefly fell by $1, while Brent crude oil's daily decline expanded to $4, currently priced at $89.74 per barrel, down 4.27%.