In a dramatic de-escalation of the ongoing conflict, US President Donald Trump announced on Monday, March 23, 2026, that he has ordered a 5-day postponement of planned military strikes against Iranian energy infrastructure. Trump cited “very good and productive conversations” between the two nations as the reason for the delay. The announcement immediately sent Brent crude oil prices tumbling by over 10%, offering relief to a global economy strained by the month-long war. Trump hinted that if the Strait of Hormuz is fully reopened for international shipping, it could lead to a permanent resolution.