BY TYLER DURDEN
MONDAY, MAR 23, 2026 – 11:55 PM
Summary
- Israel, US strike gas pipeline, distribution station in Iran
- Trump announces "productive" talks with Iran, "postpones" military strikes for 5 days
- Iran Foreign Ministry + Parliament speaker say no talks have happened, after Trump said "speaking with a top person in Iran", says will "just keep bombing" if Iran talks fail
- Trump says Hormuz will be "jointly controlled"; Russia and Pakistan step-up as potential mediators, engage with Tehran; US officials have told CBS News that there are at least a dozen underwater mines through the vital passageway, citing US intelligence.
- Israel is not seeing an imminent end to the war, and plans to continue operations while avoiding energy assets, an Israeli official said. US says Israel "will be pleased"
- Iran publishes broad list of potential regional targets: threatens "the entire region will go dark."
- IEA Executive Director warns of 1970s level oil shocks: "No country will be immune to the effects of this crisis if it continues to go in this direction." Russia mediates in call with Tehran.
Market response on the day: oil down, yields down, stocks up (but all well off their kneejerk extremes as skepticism grows as strikes continue – on both sides)
Source:
https://www.zerohedge.com/markets/oil-plunges-stocks-spike-after-trumps-comments-iran