On the 25th day of the escalating conflict between the US, Israel, and Iran, President Donald Trump postponed his threat to strike Iranian power plants for five days, claiming significant progress in negotiations. However, Iran firmly denied any dialogue with the US, dismissing the claims as a strategic move. Diplomatic initiatives from Pakistan, Turkey, and the European Union seek to de-escalate tensions, while Israel vows to continue attacks despite supporting Trump's diplomatic push. Markets reacted positively with oil prices falling, but violence persists on the ground, including strikes in Iran and increased West Bank clashes.
Trump's Announcement and Market Impact
President Trump announced a five-day pause on his ultimatum to strike Iran's power plants, stating that the US and Iran had reached "major points of agreement" in talks. This led to a rally in Asian stocks and a sharp decline in global oil prices, providing relief after days of market turbulence.
Iran's Denial and Stance
Iran's foreign ministry, via state-affiliated media, asserted there was "no dialogue" between Tehran and Washington. They characterized Trump's claim as an attempt to lower energy prices and buy time for military plans. A senior military adviser to Iran's supreme leader indicated that the war would continue until Iran receives full compensation for damages.