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AAP
AAP
Business
JON GAMBRELL and AAMER MADHANI (Associated Press)

Trump calls off latest threats to strike Iran, citing progress in negotiations

DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump said Thursday he has called off new military strikes on Iran, hours after threatening to escalate the war by seizing control of the country's oil industry.

Trump said in a social media post that he made the move "based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved."

The announcement came after two days of back-and-forth attacks between the U.S. and Iran had threatened pushed the Middle East closer to the resumption of a full-scale war.

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