Iran rejects Trump’s peace talks
Trump previously announced a new round of talks would take place in Pakistan on Monday evening.
Trump previously announced a new round of talks would take place in Pakistan on Monday evening.
Trump gave Iran a deadline to reopen the Strait of Hormuz or “all Hell will reign down on them.”
The major U.S. stock indexes on Monday rose from their lowest level this year, after President Donald Trump claimed earlier in the day the U.S. held “productive” talks with Iran, resulting in a “relief rally” for stocks that also prompted a decline in oil and gold prices.
The president also said he has ordered the Pentagon to postpone military strikes on Iran’s power plants for at least 5 days, extending a deadline he announced over the weekend.
As airlines counter higher jet fuel prices with fare hikes, industry experts say a long war in Iran could make travelers pull back in their spending.
The defence and energy sectors have the most to gain from a lengthy conflict.
Iranian Supreme Leader Ayatollah Ali Khamenei appointed the country’s first vice president, Mohammad Mokhber, as the acting president before a new election following the president’s death in a helicopter crash—elevating a longtime ally of Iranian hardliners who once ran the country’s state-related investment firm and oversaw a weapons sale to Russia.