Donald Trump has halted all strikes on Iranian energy infrastructure after what he called ‘very good conversations’ aimed at ending the war.
The President said that the US and Iran had ‘very good and productive conversations regarding a complete and total resolution of our hostilities’ over the last two days.
Trump said he had ordered the Defense Department ‘to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five day period.’
He warned that the cessation of the strikes was ‘subject to the success of the ongoing meetings and discussions.’
Markets rocketed after Trump’s Truth Social post, with the Dow surging 1,000 points in pre-market trading, the S&P and Nasdaq each jumping more than 2 percent, while oil dropped 10 percent.
Trump’s ceasefire announcement comes after he threatened over the weekend to bomb Iran’s electricity grid unless the regime reopened the Strait of Hormuz with 48 hours.
Iran responded by ignoring Trump’s deadline, vowing to strike water and energy facilities in the Middle East.
