Donald Trump has announced a pause on planned military strikes targeting Iran’s power infrastructure, citing what he described as “constructive” ongoing discussions between the two sides.
The decision comes amid rising tensions in the Middle East, with Iran previously warning it would retaliate against energy facilities in Israel and US-linked sites across the Gulf if its own power network was attacked.
In a social media post, Trump stated that conversations with Tehran would continue throughout the week and confirmed he had ordered a five-day delay on any strikes against Iranian energy infrastructure.
However, Iranian state-linked Fars News Agency disputed the claim, reporting that no direct or indirect talks were taking place with the United States.
The White House has not provided further details on the discussions, including who is involved or where they are being held.
Global markets reacted quickly to the development. Oil prices dropped, the US dollar weakened against major currencies, while stock markets rallied and borrowing costs eased, reflecting investor optimism over a possible de-escalation.
The tensions are closely tied to disruptions in the Strait of Hormuz, a critical global shipping route responsible for transporting about 20% of the world’s oil and liquefied natural gas. The strait has been largely closed following the escalation of conflict.
The ongoing war, involving the US and Israel against Iran since late February, has resulted in over 2,000 deaths and triggered significant economic and geopolitical consequences, including rising fuel prices and fears of global inflation.
