President Donald Trump abruptly cancelled a third planned night of military strikes against Iran on Thursday night, June 11, 2026, announcing via Truth Social that a major peace deal and "great settlement" have been approved and will be signed shortly. The dramatic reversal followed an intense escalation earlier in the day when U.S. Central Command (CENTCOM) used Hellfire missiles to disable a third commercial oil tanker in the Gulf of Oman, and Iran responded by firing on U.S. allied bases and closing the Strait of Hormuz. Following Trump's late-night announcement, Wall Street responded with a massive rally as U.S. stock markets jumped, highlighted by a 930-point surge for the Dow Jones Industrial Average. Despite the U.S. declaration of an imminent ceasefire, tensions remain high across the Middle East, with Israeli Prime Minister Benjamin Netanyahu quickly stating that Israel is "not a party" to the U.S.-Iran memorandum of understanding. Major Updates from Thursday Night The Averted Strike: President Trump called off the heavy bombardment hours after the Pentagon had been placed on lockdown and initial orders were given to strike targets near Kharg Island. Economic Ripple Effects: The World Bank issued a warning that the ongoing conflict risks dragging global economic growth to post-COVID lows due to soaring energy costs and inflation, which hit 4.2% in May. World Cup Drone Security: Amid the geopolitical crisis, federal law enforcement completed localized counter-drone training across multiple cities to secure sites for the FIFA World Cup, which officially kicks off next week. #BreakingNews #USNews #IranWar #trump #StockMarket #WorldCup2026 Follow @news for more updates.