Connect with us

Hi, what are you looking for?

Stay RebornStay Reborn

Business News

Trump backs off escalation, but Iran war goes on amid ‘productive’ talks

1774306484330_nn_ggu_trump_iran_260323_S3_1920x1080-e9qu8z-1.jpg-1

The clock that was ticking toward a dramatic new escalation in the Iran war may now be counting down to a deal that would end it.

That’s the latest stunning turn of events delivered by President Donald Trump’s social media account.

Trump announced Monday that he was postponing his threatened military strikes against Iranian power plants for at least five days, hours ahead of his deadline for Tehran to reopen the crucial Strait of Hormuz shipping route.

He said the U.S. and Iran were in “productive” talks toward a “complete and total” resolution of the war, though Tehran denied any direct talks.

Follow live updates

Now in its fourth week, the conflict has consumed the Middle East, pushed up the prices of energy and food and threatened the global economy with a far-reaching crisis.

Trump’s reversal delays what many feared would be a significant new escalation for civilians across the region.

Iran’s Foreign Affairs Ministry appeared to counter Trump’s version of events, though, saying in a statement published by the semiofficial news agency Mehr News that there was “no dialogue between Tehran and Washington.”

It said Trump’s delay was “part of efforts to reduce energy prices and buy time to implement his military plans” but acknowledged “there are initiatives from regional countries to reduce tensions.” Iranian state media said Trump had “backed down” after Iran vowed swift retaliation for any attacks on its energy infrastructure.

You May Also Like

Business News

Americans are getting smaller pay raises while tariffs and higher gas prices are threatening to make everything more expensive. Subscribe to read this story...

Business News

Travelers frustrated by long security lines may not see immediate relief, even as Transportation Security Administration officers begin receiving pay again on Monday after...

Business News

The Defense Department will remove media offices from the Pentagon after a federal judge sided with The New York Times in a lawsuit challenging...

Business News

WASHINGTON — On Sunday, Senate Majority Leader John Thune, R-S.D., discussed an off-ramp with President Donald Trump to reopen TSA and end the long...