Trump walks back threat of strikes on Iran’s power plants in apparent move to calm oil markets

Iran says US president lying about negotiations being in process

TEHRAN — U.S. President Donald Trump, who had issued Iran a 48-hour ultimatum to allow all ships to pass through the Strait of Hormuz or face bombing of its power plants, walked back his threats before the two-day window closed. In a post on social media, he announced that he had postponed his plans by five days.