2026-03-27
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Donald Trump said he was pausing his threat to strike Iran's energy infrastructure for a further 10 days until April 6th,
extending his Friday deadline for negotiations.
He said this was at the request of Iran's government and insisted that talks were ongoing.
During a cabinet meeting on Thursday, Mr Trump repeated his claim that the country was, quote, begging to make a deal.
Earlier, Iran delivered its response to Mr Trump's peace plan, according to Iranian state media.
The regime's demands, attributed to an informed official, include compensation for war damage, an end to assassinations,
guarantees that conflict wo n't restart and recognition of Iran's sovereignty over the Strait of Hormuz.
Another official boasted of Iran's readiness for ground combat should America invade.
Stock markets slid among conflicting messages from Mr. Trump and Iran over negotiations.
The S&P 500 fell by more than 1.7% and the tech-heavy Nasdaq by almost 2.4%.
Meanwhile, the price of Brent crude, the global oil benchmark, hovered around $108.
Earlier, the OECD warned that global growth would be weakened by the energy shock and inflation would be higher.