Trump Announces Pause in U.S. Attacks on Iran Amid Deal Discussions

Why it matters locally: A potential deal involving the Strait of Hormuz could indirectly affect energy prices in Tennessee, as global oil markets are sensitive to stability in this critical shipping lane. Businesses and consumers across the state could see minor fluctuations in fuel costs depending on the long-term impacts of such an agreement.

President Donald Trump stated Saturday that the United States has agreed to pause attacks on Iran. Trump indicated discussions were underway regarding the "perimeters of a deal." He added that this potential agreement would involve the reopening of the Strait of Hormuz.