DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump said Thursday he has called off new military strikes on Iran, hours after threatening to escalate the war by seizing control of the country’s oil industry.

Trump said in a social media post that he made the move “based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved.”

The announcement came after two days of back-and-forth attacks between the U.S. and Iran had threatened pushed the Middle East closer to the resumption of a full-scale war.

Just hours after Trump posted on social media that the U.S. would hit Iran “VERY HARD TONIGHT” and take “total control” of Iran’s oil and gas industries, the president was suggesting that progress has been made in talks to extend the fragile ceasefire.

He wrote that “discussions and final points have been, in both concept and great detail,” approved by United States, Israel, and other regional allies. He did not offer details.

Trump on multiple occasions over the last several weeks has claimed that the warring parties have been on the cusp of a deal without anything coming to fruition.