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Trump delays Iran strike as oil prices retreat (opens in new tab)

President Trump said on May 18 that he was delaying a U.S. military attack on Iran planned for Tuesday after the leaders of Qatar, Saudi Arabia and the United Arab Emirates asked Washington to allow time for negotiations, saying “serious negotiations” were underway. He said the planned operation would not proceed on May 19, but he instructed the U.S. military to be ready for a “full, large scale assault” if an acceptable deal is not reached. Oil prices fell after the announcement as traders r...

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