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LIVE: Trump: Iran Wants Deal; Tehran Denies Talks

Trump said U.S. envoys have been holding talks with a “respected” Iranian leader, and Iran wants “to make a deal.” Iranian officials denied any such negotiations, and declared that the American leader had backed down “following Iran’s firm warning.”

Relief ripped through financial markets Monday as oil prices eased following severe losses prior to Trump’s announcement. Financial markets have had vicious swings, both up and down, since the war began because of uncertainty about how long it may last.

Trump also said the U.S. would seek to retrieve Iran’s enriched uranium and end its nuclear program as part of a deal, telling reporters: “We want to see no nuclear bomb, no nuclear weapon. Not even close to it.”

The death toll has risen to more than 1,500 people in Iran, more than 1,000 in Lebanon, 15 in Israel and 13 U.S. military members, as well as a number of civilians on land and sea in the Gulf region. Millions of people in Lebanon and Iran have been displaced.