Trump says renewed Iran strikes are highly unlikely if talks progress, while warning he could still strike. That keeps a geopolitical risk premium on the tape: de-escalation is conditional, so hedges

What happened: Trump said renewed U.S. strikes on Iran are "highly unlikely" if talks progress, but warned he could still strike. He tied avoiding strikes to progress in talks over Iran's nuclear program and the Strait of Hormuz. Why it matters: The remarks link the prospect of military action to the status of negotiations, making the talks the stated condition for avoiding renewed strikes. Coverage: 3 outlets in 24h

Trump said renewed U.S. strikes on Iran are "highly unlikely" if talks progress, but warned he could still strike. He tied avoiding strikes to progress in talks over Iran's nuclear program and the Strait of Hormuz.

The remarks link the prospect of military action to the status of negotiations, making the talks the stated condition for avoiding renewed strikes.