Trump says US will not attack Iran before November 3 midterm elections, signaling a pause in military actions amid ongoing tensions. Oil prices fell as tensions eased, with analysts suggesting Trump's comments aim to stabilize markets.
Trump's statement comes as Iran reviews US response to its plan to reopen the Strait of Hormuz, with negotiations continuing through mediators. Iran's foreign minister says Tehran will respond within days, while US vice president Vance urges Iran to reduce uranium enrichment.
The US military is increasing presence in the region, with a third aircraft carrier expected to arrive by late October. Negotiations remain stalled, with both sides expressing mixed feelings about ending the conflict.
Iran has ramped up attacks on tankers in the Strait of Hormuz, with ship traffic remaining below prewar levels. The situation is further complicated by Saudi-Yemen military actions targeting Houthi rebels in another critical trade route.