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Mr. Trump said that Iran was close to signing a peace deal. So far, weeks of talks have failed to produce an agreement.
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The targeted countries host sprawling American military bases and thousands of personnel at a time when the United States is waging war against Iran.
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After President Trump announced that U.S. strikes on Iran would be canceled due to a deal to end the war being signed in the next few days, Iranian state media responded that the reports of a deal are "speculative and nothing has been finalized." NBC News' Monica Alba, Matt Bradley and Brian Cheung report on the implications politically, abroad and on the stock market.
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The European Central Bank also raised its inflation forecasts and cut its growth outlook.
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The world has watched as President Donald Trump vacillates between promises that peace is near in Iran and threats of renewed war. No one bears the cost of that uncertainty more than Iranians.
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