Key insights
- Trump announced that the US and Iran have had "productive conversations" regarding a resolution of hostilities in the Middle East, leading him to postpone military strikes against Iranian energy infrastructure for five days. This de-escalation of tensions could reduce geopolitical risk, providing a modest boost to US equities, particularly energy stocks, as the threat of supply disruptions diminishes.
Trump says talks held on 'complete and total resolution of hostilities' with Iran
Donald Trump says there have been "productive conversations" about a "complete and total resolution" to the conflict in the Middle East.
He says he will "postpone any and all strikes against Iranian power plants and energy infrastructure" for a five day period.
In a post on TruthSocial all in capital letters, reproduced here in full and verbatim, he says: "I AM PLEASE TO REPORT THAT THE UNITED STATES OF AMERICA, AND THE COUNTRY OF IRAN, HAVE HAD, OVER THE LAST TWO DAYS, VERY GOOD AND PRODUCTIVE CONVERSATIONS REGARDING A COMPLETE AND TOTAL RESOLUTION OF OUR HOSTILITIES IN THE MIDDLE EAST.
"BASED ON THE TENOR AND TONE OF THESE IN DEPTH, DETAILED, AND CONSTRUCTIVE CONVERSATIONS, WITCH WILL CONTINUE THROUGHOUT THE WEEK, I HAVE INSTRUCTED THE DEPARTMENT OF WAR TO POSTPONE ANY AND ALL MILITARY STRIKES AGAINST IRANIAN POWER PLANTS AND ENERGY INFRASTRUCTURE FOR A FIVE DAY PERIOD, SUBJECT TO THE SUCCESS OF THE ONGOING MEETINGS AND DISCUSSIONS. THANK YOU FOR YOUR ATTENTION TO THIS MATTER! PRESIDENT DONALD J. TRUMP"