After several days of increasing threats against Iran, including social media posts like "FINISH THE JOB!" and "Take the oil. No mercy!," President Trump has over the weekend called off a planned major escalation in the Middle East. For now.

"The U.S.A. is locked and loaded and ready to go against the Islamic Republic of Iran, at levels of Military Terror, Strength, and Power not seen since World War II," he wrote on his social media account. "Despite this, we have just been asked by Iran, and other Middle Eastern Countries, to hold off any attack in that the perimeters of a deal has been agreed to," he added.

Iran denies any communication with the US and has threatened retaliation against energy infrastructure in the region if its energy infrastructure is attacked. Such destruction could plunge the world into an economic depression.

Iranian retaliation – including against critical water desalination plants – could also depopulate US allies in the region, including Saudi Arabia, Kuwait, and others. Saudi Arabia's Mohammed bin Salman personally called President Trump to request he not escalate against Iran.