Ultimatums, diplomacy and a trip to Graceland as Trump eyes a deal with Iran
By Anthony Zurcher
Published on March 24, 2026.
The US President has given Iran a 48-hour deadline to reopen the Strait of Hormuz or face new American airstrikes. However, Iranian officials have denied any substantive discussions regarding this. The prospect of discussions led to a surge in the US stock market and decrease in global oil prices.
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