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Trump Backs Off From Iran Threat, Citing Talks to End War
Posted
March 23, 2026
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5:45Now PlayingHenrietta Treyz, Co-Founder at Veda Partners, discusses political inflection points in the Iran war and reacts to President Trump's comments as he claims he'll postpone strikes for five days.
US President Donald Trump postponed threatened strikes against Iranian energy infrastructure and power plants for five days, pending the outcome of what he said were talks with Iran to end the 24-day war.
Both sides are keen to “make a deal,” he told reporters on Monday, adding that there are already “major points of agreement.” The chief goal remains stopping the Islamic Republic from having a nuclear weapon, he said.
Iranian media was quick to pour cold water on Trump’s claims, which were first aired in a social-media post. The semi-official Fars news agency reported that there hasn’t been “direct or indirect communication” with the US leader. Government officials have yet to comment.
Oil plunged more than 14% immediately after Trump’s comments, which came out of the blue as fears were growing of an escalation in the conflict. Crude pared about half those losses after the Fars report, with some traders skeptical about the accuracy of Trump’s statement.
Trump said talks are being led on the US side by envoy Steve Witkoff and son-in-law Jared Kushner, his main pairing for conflict negotiations. “A top person” is representing Iran, though not Supreme leader Mojtaba Khamenei, he said.
The US and Iran could jointly control the Strait of Hormuz — a vital waterway for oil and gas flows — while Washington could take possession of Iran’s uranium, Trump said.
Talks will continue throughout the week, he said on social media.
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