Trump’s 5-Day Iran Pause Crashes Oil Prices – Is TACO Trade Back?

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President Donald Trump early Monday announced a 5-day pause on all U.S. strikes against Iranian energy infrastructure after reporting “very good and productive conversations” with Tehran — sending oil futures down more than 8% and Dow futures surging more than 900 points.

The development marks the sharpest de-escalation signal since Operation Epic Fury began Feb. 28.

What Did Trump Say Monday? And What Did He Say Earlier?

President Trump wrote on Truth Social Monday that the U.S. and Iran had held “very good and productive conversations” over the past two days toward “a complete and total resolution” of hostilities in the Middle East.

He said he had instructed the Department of Defense to postpone 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.”

The remarks mark a notable shift in tone after Trump issued a 48-hour ultimatum to Tehran on Saturday, warning that failure to fully reopen the Strait of Hormuz without threats would trigger U.S. strikes on key Iranian energy assets.

“If Iran doesn’t fully open, without threat, the Strait of Hormuz within 48 hours, the United States of America will hit and obliterate their various power plants, starting with the biggest one first.”

However, shortly after Trump’s post, Iran’s Fars News Agency, said Tehran has had no direct contact with the United States, neither directly nor through intermediaries.

Oil Crashes 8% …

Full story available on Benzinga.com

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