Trump cancels planned military strike against Iran amid 2026 war

President Donald Trump announced that he has decided to cancel a planned military strike against Iran. This decision comes amid the ongoing 2026 Iran war, involving the United States, Israel, and Iran, where military actions have been intermittently paused or called off in response to diplomatic developments. Trump’s announcement indicates a temporary de-escalation in military tensions, consistent with previous patterns observed during the conflict where major strikes were threatened and then called off as negotiations advanced. Key Takeaways Trump’s decision to cancel the strike against Iran appears to have led to a decrease in the likelihood of a full airspace closure over Iran by August 31, with odds dropping from 38% to 30.5%. The cancellation is consistent with a temporary de-escalation, suggesting that the U.S. retains escalation options without immediate execution. Markets seem to interpret this as a reduction in immediate military threats, reflected in decreased odds for near-term airspace closure. What to Watch Watch for any official announcements from the Civil Aviation Organization of Iran or Iranian State Television regarding changes in airspace status. Further statemen...