U.S. President Donald Trump said on Monday that the U.S. has had good and productive conversations with Iran, and he will order the military to postpone any military strikes against Iranian power plants and energy infrastructure.
Trump did not elaborate on the negotiations that had taken place. Iran did not immediately acknowledge any talks between the countries, but Iranian Foreign Minister Abbas Araghchi did say he spoke by phone with his Turkish counterpart, Hakan Fidan. Turkey has been an intermediary before in negotiations between Tehran and Washington.
Trump’s announcement came as the United Arab Emirates reported its air defense were attempting to intercept new incoming Iranian fire Monday afternoon. Israel announced wide-scale strikes on Tehran, while Saudi Arabia said two ballistic missiles had been launched at Riyadh.
Futures Jump After Trump's Announcement
U.S. stock index futures turned sharply higher on Monday after Trump said he would order the military to postpone any military strikes against Iranian power plants and energy infrastructure.At 07:10 a.m., Dow E-minis were up 1,246 points, or 2.72 percent, S&P 500 E-minis were up 156.75 points, or 2.39 percent, and Nasdaq 100 E-minis were up 489 points, or 2.03 percent.