U.S. stocks rallied and crude oil prices cratered after President Donald Trump said on March 23 that the United States and Iran had had “productive” talks.
In a Truth Social post, Trump stated that both sides discussed a “complete and total resolution” of tensions in the Middle East.
“I am pleased to report that the United States of America, and the country of Iran have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East,” the president said on his social media platform.
“Based on the tenor and tone of these in‑depth, detailed, and constructive conversations, which 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.”…
US Stocks Surge, Oil Crashes as Trump Says US, Iran Have Had Productive Talks
