Threats fade fast: Trump shelves Iran power strike plan, touts 'constructive' talks as markets cheer

President Donald Trump said he is delaying planned strikes on Iran’s power plants for five days after what he called constructive talks, even as Iran threatened to hit Israeli facilities and suppliers to US bases if targeted. Iran’s Fars agency denied any direct or indirect communications. Markets swung on the news: Brent crude and the dollar fell, stocks rallied, and government borrowing costs eased. Trump earlier warned Iran to fully open the Strait of Hormuz, effectively closed by Iranian attacks, amid a war launched by the US and Israel on Feb. 28 that has killed over 2,000.