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CNBC.COM • 2026-05-18

Trump says he’s postponing ‘scheduled attack of Iran tomorrow’ at Middle East leaders’ request

President Donald Trump said he is calling off a plan to attack Iran on Tuesday after the heads of three regional powers in the Middle East asked him to “hold off.”

Trump said he received requests from Qatari Emir Tamim bin Hamad Al Thani, Saudi Crown Prince Mohammed bin Salman and United Arab Emirates President Mohammed bin Zayed Al Nahyan. Defense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Cain should still "be prepared to go forward with a full, large scale assault of Iran, on a moment's notice, in the event that an acceptable Deal is not reached," Trump said.

Trumpolini Always Chickens Out...again. Tomorrow is Tuesday, so he "cancelled" the attack which he had not even announced before announcing the cancellation. lol. The market has taken a beating last couple of sessions, so obviously he's trying to juice it. You'll know when the bombs actually will fall when a mysterious Whale takes $1B Short on the S&P.

Supposedly this is because Iran is suddenly ready to deal, because his latest threats were so much more scary than the last dozen times he's threatened them with TOTAL ANNIHILIATION. Didn't his mom ever read The Boy Who Cried Wolf to him at bedtime?

We're now less than 2 weeks from June, the point at which most of the pundits have predicted the "cushion" of oil in storage will be mostly depleted and real shortages will develop in the market that will start a bidding war for available product. It's also when the window closes for fertilizer application in the Northern Hemisphere. I would be seriously concerned with the Rice production in India, where 4/5 of their fertilizer production facilities are shut down. Famine in India could easily wipe 100M people out in a couple of months.

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It's TACO Tuesday Again!

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