JUST IN: 🇺🇸🇮🇷 President Donald Trump says he has canceled a planned strike on Iran for now, signaling there is still a strong chance for negotiations and a possible deal.

Following the update, oil prices dropped nearly 2% as markets reacted to reduced fears of a wider Middle East conflict. Traders are now closely watching whether the US and Iran can avoid further escalation.

Lower oil pressure could ease market fear short term, which may support risk assets and crypto momentum if tensions continue cooling.

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