politics
1 min read
Trump Announces Pause in U.S. Attacks on Iran Amid Deal Discussions
August 19, 2026
Why it matters locally: Fluctuations in global oil prices due to developments in the Middle East, such as those impacting the Strait of Hormuz, can affect the profitability and investment landscape for North Dakota's oil and gas industry.
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.
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