Trump said planned U.S. strikes on Iran were canceled as high-level talks with Iranian leaders continued, describing the move as a turn toward diplomacy rather than immediate military action. He said a deal had been agreed upon by the U.S., Israel, Saudi Arabia, the UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt and others, and later said the time and place of an Iran deal signing would be “announced shortly.” At the same time, he said a U.S. naval blockade and economic sanctions would remain in place until a deal is signed. Markets reacted positively: Bitcoin rose back above $63,000 and the S&P 500 gained more than 100 points, moves the sources linked to improved risk sentiment on expectations of reduced geopolitical tension.