Trump says he's postponing strikes on Iran power plants, citing 'productive' talks to end war
President Trump postponed U.S. strikes on Iranian power plants for five days amid ongoing talks and extended the deadline for Iran to reopen the Strait of Hormuz, a vital oil passage.
- On Monday, March 23, 2026, President Donald Trump announced he postponed threatened strikes for five days through Friday, March 27, 2026, citing productive talks and instructing the Department of War accordingly on Truth Social.
- After Iranian attacks effectively closed the Strait of Hormuz, which carries about 20% of global oil and liquefied natural gas, Trump had issued a 48-hour ultimatum to 'obliterate' Iranian power plants unless the strait was reopened, a deadline that would have expired late Monday.
- Market reaction was immediate, as May crude oil was down US$7.35 at US$90.88 per barrel, and threatened strikes risked disrupting regional electricity and desalination infrastructure, said Fatih Birol.
- Following the announcement, Iran's Revolutionary Guard promised retaliation, threatening to target infrastructure supplying U.S. bases and regional facilities, while Israel struck Tehran and Lebanon on Monday.
- A U.N. official warned that rising energy costs are already affecting millions, while Trump said the U.S. will seize Iran's enriched uranium if a deal is reached by Friday, March 27, 2026.
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