Trump rules out US military strikes on Iran before Nov 3 midterms

President Trump stated the US will not resume military strikes on Iran before the November 3 midterm elections, following a short-lived interim agreement signed in June that established a 60-day ceasefire and framework for a permanent peace deal. The statement signals a de-escalation in US-Iran tensions, though the durability of the ceasefire and the prospects for a permanent deal remain uncertain. This development reduces near-term geopolitical risk in the region, potentially supporting risk appetite.