Tidbits, Iran & Markets, USDA Funds, EU Yields & Trade with Australia, ENSO, Export Inspections 3/24/26
- Wright team
- 2 hours ago
- 5 min read
Highlights: Iran
Shortly after 6 AM Central time yesterday morning, Trump wrote on Truth Social that Iran and the U.S. had engaged in “good and productive conversations regarding a complete and total resolution” of the hostilities. Consequently, Trump wrote that he had ordered the Department of War to postpone all military strikes against Iranian power plants and energy infrastructure for five days.
That sent crude oil down $10 and CBOT markets went from smartly higher to lower in a matter of minutes.
Later yesterday, Iran’s foreign ministry released a statement saying there had been no talks with anyone connected to the U.S.; also, there were reports of US-Israeli strikes reportedly targeting energy-related facilities in Iran’s Isfahan province.
British military advisors were in the U.S. last week to aid in planning on options to reopen the Strait, and a joint statement from 22 states called on Iran to cease its attempts to block the Strait from commercial shipping and expressed “readiness to contribute to appropriate efforts to ensure safe passage through the Strait.”
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