President Donald Trump announced Thursday that the U.S. and Iran have reached a "great settlement" to end the ongoing war [1].

The announcement marks a sudden shift in military posture, halting an escalation that had brought the two nations to the brink of expanded conflict [5].

Speaking from the Oval Office, Trump said the progress toward a peace deal prompted the immediate cessation of planned military operations [2, 4]. He said, "We have canceled Thursday airstrikes" [3].

The president indicated that the diplomatic breakthrough is nearing a final stage. He said a formal signing of the agreement could take place in Europe within the coming days [1, 4].

While the announcement suggests a resolution to the conflict, the specific terms of the deal have not been released. Trump said "the world awaits details" regarding the agreement [2].

The reversal follows a period of escalating threats between the U.S. and Iran [5]. The decision to cancel the airstrikes serves as a tangible signal of the administration's intent to pivot from military action to a diplomatic conclusion [3, 5].

"great settlement"

The cancellation of imminent airstrikes indicates a high-level diplomatic breakthrough, though the lack of specific terms leaves the stability of the ceasefire uncertain. A signing in Europe would signal a multilateral or internationalized effort to legitimize the peace deal, potentially involving European mediators to ensure long-term compliance.