APTOPIX Iran War
Rescue workers and first responders work at a residential building hit in an earlier U.S.-Israeli strike in Tehran, Iran, Monday, March 23, 2026.
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President Donald Trump has paused military pressure on Iran by extending his deadline for Iran to reopen the Strait of Hormuz and delaying strikes on Iranian power plants for another five days. Trump said the US has been negotiating with a “respected” Iranian leader but Iran denies any talks and said Trump is backing down after their warnings and hoping to reassure financial markets with “fakenews.” Oil prices did decrease and stocks jumped, but markets remain uneasy. Meanwhile Trump said any deal must involve ending Iran’s nuclear capacity by allowing the U.S. to take its its enriched uranium.
U.S. President Donald Trump says the U.S. is talking with a “respected” Iranian leader and claims the Islamic Republic is eager for a deal to end the war. He also extended a deadline for Iran to reopen the crucial Strait of Hormuz or face attacks on its power plants, saying Monday that it has an additional five days. Trump’s turnaround, which held out the possibility of resolving the war now in its fourth week, served to drive down oil prices and jolt stocks. It offered a reprieve after the U.S. and Iran traded threats over the weekend with potentially catastrophic repercussions for civilians across the region.
