Trump Backs Off Iran Energy Strike Threat as Markets Reel

2026-03-23 - 15:30

(Bloomberg) — Just before US markets opened on Monday, President Donald Trump backed down from his threat to destroy Iran’s power infrastructure if it didn’t reopen the Strait of Hormuz within 48 hours — pushed by the surge in energy prices and global market rout unleashed by the US-Israeli war on Tehran and hopes that fresh talks could yield a deal to end the conflict. Read More