President Trump said he suspended his plan to strike Iran’s power plants, citing what he called progress in negotiations to reopen the Strait of Hormuz.

Trump’s Saturday ultimatum to launch attacks if Iran doesn’t open the Strait of Hormuz within 48 hours — and the Iranian threats to retaliate against electricity infrastructure in Israel and Gulf countries —raised the potential for a dramatic escalation.

U.S. stock futures, which had been falling earlier in the morning, suddenly surged on Trump’s post, and oil prices fell.

In an all caps post on Truth Social on Monday morning Trump wrote that the U.S. and Iran have had “very good and productive conversation” over the last two days that focused on ending hostilities in the region.

“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,” Trump wrote.

Iran’s foreign ministry said there had been no talks between Iran and the U.S., though some countries in the region were attempting to reduce tensions.

Source: axios.com

Trump, on Friday said that he is no longer “interested” in winning the Nobel Peace Prize, claiming he had “no idea” whether Operation Epic Fury would “get him over the finish line” with committee members in Oslo, Norway.

“I’m not interested in it,” Trump said in a phone call with the Washington Examiner, a conservative news publication.

Asked whether the subject had been broached in his recent conversations with foreign leaders, Trump said: “No, I don’t talk about the Nobel Prize.”

Trump frequently opined on his desire for the prize in the past. The winner of the 2025 prize, Venezuela opposition leader María Corina Machado, handed her prize to Trump in January in a meeting at the White House, a move the Nobel committee criticized.

Iran says no one can exclude it from the World Cup later this year, in response to President Donald Trump’s warning that their “life and safety” would be at risk in the US.

The Iranian team also said in the social media post on Thursday that the United States should not be allowed to co-host the tournament if it could not guarantee the safety of the teams taking part.

Trump’s comments came just two days after he told FIFA chief Gianni Infantino the Iranian players would be welcome despite the Middle East war.

“The Iran National Soccer Team is welcome to The World Cup, but I really don’t believe it is appropriate that they be there, for their own life and safety,” Trump said on his Truth Social platform on Thursday.

Iran’s team responded: “The World Cup is a historic and international event and its governing body is FIFA — not any individual, country.

“Iran’s national team, with strength and a series of decisive victories achieved by the brave sons of Iran, was among the first teams to qualify for this major tournament.