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US will hold off on Iran power plant strikes for 5 days, extending Trump deadline on Hormuz strait

DUBAI, United Arab Emirates, March 23, 2026 (AP) — President Donald Trump on Monday extended his deadline for Iran to reopen the crucial Strait of Hormuz to international shipping, saying the U.S. would hold off on strikes against Iranian power plants for five days. Shortly after Trump made the announcement on his Truth Social site, Iranian state television put up a graphic that read: “U.S. president backs down following Iran’s firm warning.” The reprieve came hours ahead of Trump’s self-imposed deadline later in the day. Writing in all capital letters, Trump said the U.S. and Iran have had “very good

Sensex plunges 1,836 pts; Nifty down to 22,512 as war, crude oil prices continue to hit sentiments

Mumbai, Mar 23 (PTI) Equity benchmark indices Sensex and Nifty plummeted on Monday, in tandem with an extremely weak trend in global markets as the war in the Middle East showed no signs of a slowdown. Rising crude oil prices due to the war, which has entered its fourth week, relentless foreign fund outflows and weakness in the rupee have also made investors risk-averse. The 30-share BSE Sensex dived 1,836.57 points, or 2.46 per cent, to settle at 72,696.39. During the day, it plunged 1,974.52 points, or 2.64 per cent, to 72,558.44. The 50-share NSE Nifty tanked 601.85 points, or

Rupee slumps 50 paise to settle at fresh record low of 94.03 against US dollar

Mumbai, Mar 23 (PTI) The rupee breached the 94/dollar barrier for the first time, slumping 50 paise to a new record closing low of 94.03 (provisional) against the greenback on Monday, as spiralling global crude prices and unabated foreign fund outflows unnerved investors. A strengthening US dollar and a steep decline in the domestic equity markets further weakened the local unit, forex traders said. At the interbank foreign exchange, the local unit opened at 93.84 and kept losing ground throughout the day, before breaching the 94-mark against the US dollar for the first time to settle at 94.03 (provisional), down

Trump postpones military strikes for five ​days on Iranian power plants

US President Donald Trump

WASHINGTON, March 23 (Reuters) – President Donald Trump backed down on targeting Iran’s power network on Monday, saying the U.S. and ​Iran have held constructive talks and that he would ‌postpone any strikes on power plants and energy infrastructure. Trump’s statement came after Iran threatened to attack Israel’s power plants and those supplying U.S. bases ​across the Gulf region if the U.S. targets Iran’s ​power network. Conversations with Iran will continue throughout the week, ⁠Trump said in a social media post. The dollar plunged and ​stocks surged following Trump’s post. The United States and Iran “have had, over ​the last

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