US won't strike Iran's power plants for 5 days, extending Trump deadline on reopening Hormuz strait

DUBAI, United Arab Emirates (AP) — President Donald Trump extended his deadline for Iran to reopen the crucial Strait of Hormuz to international shipping, saying Monday that the U.S. would hold off on threatened strikesagainst Iranian power plantsfor five days.

Associated Press A woman waves an Iranian flag during a campaign in support of the government at the Enqelab-e-Eslami, or Islamic Revolution, square in downtown Tehran, Iran, Sunday, March 22, 2026. (AP Photo/Vahid Salemi) A man waves an Iranian flag during a campaign in support of the government as a woman and vehicles pass by at the Enqelab-e-Eslami, or Islamic Revolution, square in downtown Tehran, Iran, Sunday, March 22, 2026. (AP Photo/Vahid Salemi) A cargo ship carrying vehicles sails through the Arabian Gulf toward the Strait of Hormuz in the United Arab Emirates, Sunday, March 22, 2026. (AP Photo) Missiles launched from Iran streak across the sky over central Israel, early Monday, March 23, 2026. (AP Photo/Ohad Zwigenberg) A woman waves an Iranian flag during a campaign in support of the government at the Enqelab-e-Eslami, or Islamic Revolution, square in downtown Tehran, Iran, Sunday, March 22, 2026. (AP Photo/Vahid Salemi) A man waves an Iranian flag during a campaign in support of the government as a woman and vehicles pass by at the Enqelab-e-Eslami, or Islamic Revolution, square in downtown Tehran, Iran, Sunday, March 22, 2026. (AP Photo/Vahid Salemi) A cargo ship carrying vehicles sails through the Arabian Gulf toward the Strait of Hormuz in the United Arab Emirates, Sunday, March 22, 2026. (AP Photo) Missiles launched from Iran streak across the sky over central Israel, early Monday, March 23, 2026. (AP Photo/Ohad Zwigenberg)

Iran Israel War

In his announcement on Truth Social, Trump also held out the possibility of a resolution to the war — though Iranian officials denied there were negotiations. Trump's turnaround appeared to offer something of a reprieve after rhetoric reached a fever pitch when the U.S. and Iran traded threats with potentially catastrophic repercussions for civilians across the region.

Shortly after Trump's announcement —hours before the deadline was set to expire— Iranian state television declared that the American leader had backed down "following Iran's firm warning."

The war,now in its fourth week, has already seen several dramatic turning points — the killing of Iran's supreme leader, the bombing of a key Iranian gas field, and strikes targeting oil and gas facilities and other civilian infrastructure in Gulf Arab nations. The conflict has killed more than 2,000 people,shaken the global economy, sent oil prices surging, and endangered some of the world's busiest air corridors.

The latest threatened attacks could have cut electricity to wide swaths of people in Iran and around the Gulf and knocked out desalination plants that provide many desert nations with drinking water. There are also increasing concerns about the consequences of any strikes on nuclear facilities.

Trump issued a deadline and then extended it

Trump said over the weekend that the U.S. would"obliterate" Iran's power plantsunless the country releases its stranglehold on the Strait of Hormuz within 48 hours — a deadline that would have expired late Monday Washington time.

But on Monday morning, Trump wrote on his Truth Social site that the U.S. and Iran have had "very good and productive conversations" that could yield "a complete and total resolution" in the war.

Trump added that the suspension of his threat to attack power plants was "subject to the success of the ongoing meetings and discussions."

Trump did not elaborate on the negotiations that had taken place, and the state-owned IRAN newspaper reported that Iran's Foreign Ministry denied that there have been any.

"Remarks by the U.S. president are part of efforts to reduce energy prices and buy time to implement his military plans" the newspaper said.

Earlier, Iranian Foreign Minister Abbas Araghchi said he spoke by phone with his Turkish counterpart, Hakan Fidan. Turkey has been an intermediary before in negotiations between Tehran and Washington.

President Abdel-Fattah el-Sissi also said Monday that Egypt has delivered "clear messages" to Iran focusing on de-escalating the conflict, according to his office.

Iran threatened retaliation

Iran's paramilitary Revolutionary Guard promised retaliation if Trump made good on his threat, saying Iran would hit power plants in all areas that supply electricity to American bases, "as well as the economic, industrial and energy infrastructures in which Americans have shares."

Iranian parliament speaker Mohammad Bagher Qalibaf said Iran would consider vital infrastructure across the region to be legitimate targets, including energy anddesalination facilitiescritical for drinking water in Gulf nations.

Iran's semiofficial Fars news agency, which is close to the Revolutionary Guard, published a list of such facilities, including the United Arab Emirates' nuclear power plant. Over the weekend, Iran launched missiles targeting Dimona in Israel, near a facility key to itslong-suspected atomic weapons program. The Israeli facility wasn't damaged.

In the wake of Trump's turnaround, Fars and the Tasnim news agencies portrayed the American president as backing down.

"Since the start of the war, messages have been sent to Tehran by some mediators, but Iran's clear response has been that it will continue its defense until the required level of deterrence is achieved," Tasnim's report said. "With this kind of psychological warfare, neither the Strait of Hormuz will return to pre-war conditions nor will calm return to energy markets."

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With the U.S. deploying more amphibious assault ships andadditional Marines to the Middle East, Iran also warned against any ground attack.

"Any attempt by the enemy to target Iran's coasts or islands will, naturally and in accordance with established military practice, lead to the mining of all access routes ... in the Persian Gulf and along the coasts," Iran's Defense Council warned.

Trump has said he has no plans to send ground forces into Iran but also has said he retains all options. Israel has suggested its ground forces could take part in the war.

Oil prices have soared but dropped after Trump announcement

Iran's chokehold on the Strait of Hormuz has wreaked havoc on energy markets, pushed up prices of food and other goods well beyond the Middle East and sent shock waves throughout the global economy.

"No country will be immune to the effects of this crisis if it continues to go in this direction," said Fatih Birol, the head of the Paris-based International Energy Agency.

Oil prices were stubbornly high in early trading Monday, but plunged after Trump's announcement.

Jorge Moreira da Silva, a senior United Nations official, said the world has already seen a ripple effect, including "exponential price hikes in oil, fuel and gas" that have had a far-reaching impact on millions, primarily in Asian and African developing countries.

"There is no military solution," he said.

Israel strikes Tehran and Lebanon

Israel launched new attacks Monday on the Iranian capital, saying it had "begun a wide-scale wave of strikes" on infrastructure targets in Tehran without immediately elaborating. Explosions were heard in multiple locations in the afternoon. It wasn't immediately clear what had been hit.

The United Arab Emirates reported its air defense were attempting to intercept new incoming Iranian fire Monday afternoon.

Israel has also targeted the Iran-linked Hezbollah militant group in Lebanon, while the group has fired hundreds of rockets into Israel.

In recent days, Israel has hit many apartment buildings in Beirut and bombed bridges over the Litani River in the Lebanon's south.

Lebanese President Joseph Aoun called the targeting of bridges "a prelude to a ground invasion," while Egypt denounced the strikes as the "collective punishment" of civilians for the actions of Hezbollah.

Authorities say Israeli strikes have killed more than 1,000 people in Lebanon and displaced more than 1 million.

Iran's death toll has surpassed 1,500, its Health Ministry has said. In Israel, 15 people have been killed by Iranian strikes. At least 13 U.S. military members have been killed, along with more than a dozen civilians in the occupied West Bank and Gulf Arab states.

Rising reported from Bangkok and Magdy from Cairo. AP writers Charlotte Graham-McLay in Wellington, New Zealand, Sally Abou AlJoud and Bassem Mroue in Beirut, and Tong-hyung Kim in Seoul, South Korea, contributed to this report.

US won't strike Iran's power plants for 5 days, extending Trump deadline on reopening Hormuz strait

DUBAI, United Arab Emirates (AP) — President Donald Trump extended his deadline for Iran to reopen the crucial Strait of ...
First Israeli civilian killed in Lebanon border war was hit by Israeli fire

JERUSALEM, March 23 (Reuters) - Israel said on Monday its own forces had misfired artillery that killed an Israeli farmer near the ‌Lebanese frontier, the first Israeli civilian killed in a border ‌conflict being waged in parallel with the war in Iran.

Reuters

Ofer Moskovitz, 60, an avocado ​farmer in the town of Misgav Am, had spoken with Reuters just last week and said he was worried about the fighting at the border.

In a statement, Major General Rafi Milo, who heads the military's northern command, ‌said: "Moskovitz was killed by ⁠our own forces' fire during an operation whose entire purpose was to protect them."

The military had initially blamed cross-border ⁠fire from Lebanon when it first reported the incident on Sunday.

Israel has launched a major ground assault and air campaign into Lebanon to root out ​Hezbollah, a ​powerful Iran-backed militia, which fired into ​Israel in support of Tehran ‌two days after the start of the Israeli-U.S. air attacks on Iran.

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Lebanese authorities say more than a thousand people have been killed and more than a million driven from their homes in Lebanon. The death of Moskovitz was the first reported in Israel. The military says two ‌Israeli soldiers have been killed in combat.

"Every ​five minutes you can hear the bombs," ​Moskovitz told Reuters last week.

The ​military's statement said troops had opened fire to support ‌soldiers operating in southern Lebanon, but "severe ​issues and operational ​errors" had taken place.

"The artillery fire was carried out at an incorrect angle and did not follow required protocols," it said. "As a ​result, five artillery shells ‌were fired at the Misgav Am ridge instead of toward ​the enemy target."

(Reporting by Steven Scheer and Rami Ayyub; Editing ​by Toby Chopra and Peter Graff)

First Israeli civilian killed in Lebanon border war was hit by Israeli fire

JERUSALEM, March 23 (Reuters) - Israel said on Monday its own forces had misfired artillery that killed an Israeli farmer...
Illinois, the youngest team in Women's NCAA tournament, proving age is just a number

NASHVILLE, TN — No team in theWomen's NCAA Tournamentis younger thanNo. 7 seed Illinois. Twelve of the 15 players on their roster are underclassmen. And the average age of the team is under 20.

USA TODAY Sports

TheFighting Illini roster, with only two players –Gretchen DolanandGisela Segura– over the age of 21, faced concerns about inexperience at the start of the season. For a program still working to establish itself, that youth only added more uncertainty. Now, the Illini are fully embracing that identity as a key part of their success. It may even be their biggest strength.

"We're the youngest team in the NCAA tournament … at first I was like, we're not going to talk about youth," coach Shauna Green said. "Then I'm like, we are what we are … let's use it as more fuel."

WHO'S IN WOMEN's SWEET 16:Updated NCAA Tournament bracket, schedule

UConn's Azzi Fudd and Sarah Strong are among the top players set to tipoff March Madness. Here's the best players in women's college basketball: It's hard to believe Sarah Strong could top her record-breaking freshman season, but she's one-upped herself. Strong has career highs in points (18.5), assists (4.1), steals (3.4), field goal percentage (60.1%) and free throw percentage (87.3%). She leads UConn in nearly every statical category, including points, rebounds, steals and blocks. Expect Strong to have a strong showing in the NCAA Tournament. She set the freshmen points record in an NCAA Tournament (114) last season. UCLA Bruins center Lauren Betts' stats are slightly down from last season, but she's no less dominant. She leads UCLA in points (16.4), rebounds (8.6) and blocks (1.9) per game and has 11 double-doubles. Her efforts earned her Big Ten Player of the Year and Big Ten Defensive Player of the Year honors, becoming the first player in Big Ten history to earn both in the same season. Texas Longhorns forward Madison Booker has reached new heights this season earning first-team All-SEC after recording career highs in points (18.9), steals (2.3) and field goal percentage (51.6%), which she raised from 46.1% last season. Booker leads the Longhorns in scoring and has been in double-digits for all but two games this season. She's only a junior, but she's already climbed to No. 6 on Texas' all-time scoring list with 1,873 points career points entering March Madness. UConn Huskies senior guard Azzi is shooting lights out from the 3-point line. She's averaging a career-high 44.6% from beyond the arc and her 104 3-pointers rank second in the nation. Her field goal percentage (48.9%) also marks a career-high. Fudd has also helped anchor UConn's top-ranked scoring defense. She's one of three Huskies to have at least 85 steals this season, joining Sarah Strong (111) and KK Arnold (93). Fudd is also flirting with the 50-40-90 stat line — 50% from the field, 40% from the 3-point line and 90% from the free throw line. Vanderbilt's Mikayla Blakes was named the SEC Player of the Year after leading Vanderbilt to its first 27-win regular season in program history. Blakes leads the nation in scoring averaging 27.0 points per game, including 12 games of 30 or more points. Ten of those 12 games came in conference play. Blakes has recorded double-digit points in every game this season and is currently riding a 50 game double-digit scoring streak, the longest active streak in the SEC and third longest in NCAA Division I women's basketball. Blakes is the second Vanderbilt star to win SEC Player of the Year and the first sophomore since South Carolina's A'ja Wilson in 2016. Olivia Miles' transfer from Notre Dame to TCU has been seamless if you look at her stat line. Miles is the centerpiece of the Horned Frogs' offense and has upped her scoring average from 15.4 points last season to a career-high 19.6 points. Miles tops the nation with five triple doubles and has done so efficiently, with career highs in field goal percentage (48.7) and free throw percentage (84.4%). Iowa State Cyclones center Audi Crooks ended the regular season with a bang, dropping 41 points and 13 rebounds against Kansas State — shooting an efficient 16-of-19 from the field. That marked Crooks' fourth 40-point game of the season and 12th double-double. Crooks has scored in double digits every game this season, extending her streak to 97 straight career games — the longest active streak in the nation. She became the fastest player in Big 12 history to reach 2,000 points on Jan. 28 and picked up an unanimous first-team All-Big 12 nod. Ohio State's Jaloni Cambridge has arrived! The sophomore guard is in midst of a breakout season. She upped her points per game from 15.4 last season to 22.8, which ranks seventh in the nation. Her field-goal percentage also increased by nearly eight points to 49.0%. She's scored double-digit points in every game this season and became the 40th Buckeye to surpass 1,000 career points on Feb. 8 against Oregon. She's only the fifth Ohio State player to record 700 points in a season. South Carolina Gamecocks forward Joyce Edwards has taken a large step this season. The 6-foot-3 forward slid into the starting lineup after senior forward Chloe Kitts was ruled out for the season with an ACL injury in her right knee. Edwards has powered South Carolina to the fourth-best scoring offense in the nation (86.3 points per game). She's averaging a team-high 19.6 points in 34 starts, up from 12.7 points and one start her freshman year. Her stat line is rounded out by 6.3 rebounds, 2.4 assists and 1.7 steals per game. Notre Dame Fighting Irish guard Hannah Hidalgo has been a walking highlight reel. Hidalgo turned in career highs in points, steals, rebounds, field-goal percentage and made ACC history by winning both Player of the Year and Defensive Player of the Year in consecutive seasons. Hidalgo set an NCAA record with 16 steals in a game and scored a school-record 44 points in Notre Dame's 85-58 win over Akron on Nov. 12. She leads the nation in total steals (173), which set a single-season ACC record.

Players to watch in 2026 women's NCAA basketball tournament

After coming off back-to-back losing seasons just a few years ago, the program has seen a quick turnaround under head coach Shauna Green. Illinois posted a 22-10 record in her first full season and won the 2024 WBIT championship. Now, they're in the second round of the NCAA Tournament, preparing to challengeNo. 2 seed Vanderbilton the Commodores' home court.

Pulling off the upset in a tough atmosphere will require the young team to show composure. Fortunately for them, tight games earlier in the season have translated into experience.

"We've had a lot of close games this season," freshman guardCearah Parchmentsaid. "That experience helped us now … we didn't make the mistakes we were making a month ago."

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With few traditional seasoned vets on this team, leadership has looked a little different this season.

JuniorJasmine Brown-Hagger, one of the few upperclassmen on the roster and someone players in the locker room refer to as a team captain, shares the same outlook that has defined this team all season: Age is just a number.

Illinois guard Jasmine Brown-Hagger (8) shows three fingers as the Illinois' bench celebrates her 3-pointer during a game against Indiana on Jan. 16, 2025.

"I feel like a lot of people underestimate us just because of [our youth]. But we know what we're capable of," Brown-Hagger said. "At the end of the day, it's basketball. And there's no age to basketball."

What once looked like inexperience for a rebuilding program has turned into confidence. For Illinois, that growth is already paying off. The Illini have successfully solidified their place in the NCAA Tournament as a young, talented group that isn't just building for the future, but beginning to arrive now.

Another opportunity for this young team to prove it belongs arrives Monday, March 23. It's a chance to take another step in the program's rise while pursuing their first Sweet 16 appearance since 1998 … four years before their oldest player was born.

Katielee Smith is a student in the University of Georgia's Carmical Sports Media Institute.

This article originally appeared on USA TODAY:Illinois women's basketball proving it belongs in NCAA Tournament

Illinois, the youngest team in Women's NCAA tournament, proving age is just a number

NASHVILLE, TN — No team in theWomen's NCAA Tournamentis younger thanNo. 7 seed Illinois. Twelve of the 15 players on ...
Carlos Alcaraz loses to Sebastian Korda in the third round of the Miami Open

MIAMI GARDENS, Fla. (AP) — Carlos Alcaraz was eliminated in the third round of the Miami Open on Sunday, losing to Sebastian Korda in three sets.

Associated Press

The 22-year-old Alcaraz, who completed the career Grand Slam when he won theAustralian Openin January, dropped to 17-2 this season. The No. 1 player in the men's rankings also lost to Daniil Medvedev in the semifinals atIndian Wellslast weekend.

Korda served for the match at 5-4 in the second, but Alcaraz rallied by winning five consecutive games. The 25-year-old Korda then regrouped and closed out a 6-3, 5-7, 6-4 victory in two hours, 19 minutes.

"It was a tough match, obviously," Alcaraz said. "I think (Korda) was incredible today. Played such a great game. A lot of tied moments that I just didn't make the most of it, and I think he was better on (those) points and (those) moments."

At No. 36, Korda became the lowest-ranked man to beat Alcaraz since No. 55 David Goffin accomplished the feat in the second round in Miami last year, according to the ATP Tour.

"A lot of tense moments, for sure," Korda said. "But you know I think today, the ultimate thing was belief. Going back to just believing, committing into every shot, and luckily I got it done at the end."

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Next up for Korda is qualifier Martin Landaluce, who advanced with a 6-3, 7-6 (2) win against 14th-seeded Karen Khachanov.

Americans Taylor Fritz and Tommy Paul joined Korda in the fourth round. The sixth-seeded Fritz beat Reilly Opelka 6-3, 6-4, and No. 22 seed Paul eliminated Raphael Collignon with a 6-2, 3-6, 7-6 (5) victory.

No. 21 Jiri Lehecka, No. 24 Valentin Vacherot and No. 29 Tomas Martin Etcheverry also were among the winners.

On the women's side, top-seeded Aryna Sabalenka cruised to a 6-4, 6-2 win against Catherine McNally. No. 3 Elena Rybakina beat No. 27 Marta Kostyuk 6-3, 6-4, and No. 5 Jessica Pegula posted a 6-2, 6-2 win over No. 26 Leylah Fernandez.

No. 7 Jasmine Paolini, No. 9 Elina Svitolina, No. 11 Ekaterina Alexandrova, No. 15 Madison Keys and No. 18 Iva Jovic were eliminated. Paolini lost to No. 25 Jelena Ostapenko in three sets, and Svitolina was knocked out by Hailey Baptiste in straight sets.

AP tennis:https://apnews.com/hub/tennis

Carlos Alcaraz loses to Sebastian Korda in the third round of the Miami Open

MIAMI GARDENS, Fla. (AP) — Carlos Alcaraz was eliminated in the third round of the Miami Open on Sunday, losing to Sebast...
Tyler Reddick joins elite group with Goodyear 400 victory in Darlington

The Lady in Black is one of the toughest tracks to tame on the Cup Series calendar.

USA TODAY Sports

Looks like someone forgot to tell Tyler Reddick.

The 23XI Racing driver overcame multiple issues during the middle of the Goodyear 400 to earn his fourth win in the first six races of the 2026NASCAR Cup Seriesseason, this one by five seconds.

"Ever since I made my first lap here in an O'Reilly Auto Parts car, there's just something about this racetrack that's so special, just so challenging," Reddick said. "It's been really fun for my evolution as a driver over the years."

NASCAR TRUCKS:Driver Daniel Dye suspended for David Malukas comments

Reddick started from pole position but struggled with alternator issues during the first half of the race. The No. 45 crew had to change his battery during Stage 2 to keep him going.

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If that wasn't enough, Reddick had issues with his cool suit shortly after due to the battery change. He had to get the water out of his suit during a caution period as it was too hot to serve its original purpose. He had to improvise with a bag of ice.

"All day long not running fans, sweating my tail off inside the race car and we knew it was going to be physical," Reddick said. "Really wore out but I guess I don't need as much of that cooling stuff as I normally have."

Reddick becomes just the third driver in Cup Series history to win four of the first six races of a season, joining NASCAR Hall of Fame drivers Dale Earnhardt and Bill Elliott.

"I know never to give up," he said. "I think it's very fitting that when we finally get our first win in Darlington that the Lady in Black would test us like that."

Here's an extended look at how Reddick won – and the final results from the Goodyear 400:

March 8: Ryan Blaney celebrates winning the Straight Talk Wireless 500 at Phoenix Raceway. March 1: Tyler Reddick celebrates winning the DuraMax Grand Prix Powered by RelaDyne at Circuit of The Americas in Austin, Texas. Feb. 22: Tyler Reddick celebrates winning the Autotrader 400 at EchoPark Speedway in Hampton, Georgia. Feb. 15: Tyler Reddick celebrates with his family and crew after winning the 68th running of the Daytona 500 at Daytona International Speedway.

See victory lane celebrations with 2026 NASCAR race winners

NASCAR Cup Series race at Darlington highlights

NASCAR Cup race at Darlington: Full results

Here's how the field finished the Goodyear 400:

  1. (45) Tyler Reddick, 23XI Racing Toyota

  2. (6) Brad Keselowski, RFK Racing Ford

  3. (12) Ryan Blaney, Team Penske Ford

  4. (77) Carson Hocevar, Spire Motorsports Chevrolet

  5. (2) Austin Cindric, Team Penske Ford

  6. (54) Ty Gibbs, Joe Gibbs Racing Toyota

  7. (7) Daniel Suarez, Spire Motorsports Chevrolet

  8. (24) William Byron, Hendrick Motorsports Chevrolet

  9. (17) Chris Buescher, RFK Racing Ford

  10. (43) Erik Jones, Legacy Motor Club Toyota

  11. (11) Denny Hamlin, Joe Gibbs Racing Toyota

  12. (19) Chase Briscoe, Joe Gibbs Racing Toyota

  13. (60) Ryan Preece, RFK Racing Ford

  14. (97) Shane van Gisbergen, Trackhouse Racing Chevrolet

  15. (9) Chase Elliott, Hendrick Motorsports Chevrolet

  16. (1) Ross Chastain, Trackhouse Racing Chevrolet

  17. (21) Josh Berry, Wood Brothers Racing Ford

  18. (88) Connor Zilisch, Trackhouse Racing Chevrolet

  19. (20) Christopher Bell, Joe Gibbs Racing Toyota

  20. (71) Michael McDowell, Spire Motorsports Chevrolet

  21. (8) Kyle Busch, Richard Childress Racing Chevrolet

  22. (38) Zane Smith, Front Row Motorsports Ford

  23. (34) Todd Gilliland, Front Row Motorsports Ford

  24. (48) Justin Allgaier, Hendrick Motorsports Chevrolet

  25. (3) Austin Dillon, Richard Childress Racing Chevrolet

  26. (4) Noah Gragson, Front Row Motorsports Ford

  27. (42) John Hunter Nemechek, Legacy Motor Club Toyota

  28. (41) Cole Custer, Haas Factory Team Chevrolet

  29. (47) Ricky Stenhouse Jr., HYAK Motorsports Chevrolet

  30. (16) AJ Allmendinger, Kaulig Racing Chevrolet

  31. (10) Ty Dillon, Kaulig Racing Chevrolet

  32. (5) Kyle Larson, Hendrick Motorsports Chevrolet

  33. (22) Joey Logano, Team Penske Ford

  34. (23) Bubba Wallace, 23XI Racing Toyota

  35. (35) Riley Herbst, 23XI Racing Toyota

  36. (51) Cody Ware, Rick Ware Racing Chevrolet

  37. (66) Timmy Hill, Garage 66 Ford

This article originally appeared on USA TODAY:Tyler Reddick conquers Darlington in Goodyear 400: 'So special'

Tyler Reddick joins elite group with Goodyear 400 victory in Darlington

The Lady in Black is one of the toughest tracks to tame on the Cup Series calendar. Looks like someone forgot t...
Instant View: World markets rally as Trump postpones military strikes on Iranian power plants

U.S. President Donald Trump said on Monday the U.S. has had good and productive conversations with Iran and he ‌will order the military to postpone any military strikes against ‌Iranian power plants and energy infrastructure.

Reuters

The dollar plunged and stock and bond prices surged ​following the news.

KENNETH BROUX, HEAD OF CORPORATE RESEARCH FX AND RATES, SOCIETE GENERALE, LONDON:

"This confirms what the head from the IAEA has been saying over the weekend, that discussions were taking place between both sides.

"So, the ‌question is does he (Trump) ⁠drop the deadline of 00:45 CET to re-open the Strait of Hormuz?"

"Buy the front end in bonds!"

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CHRIS BEAUCHAMP, ⁠CHIEF MARKET ANALYST, IG MARKETS, UK:

"This is obviously a postponement, not a complete cease-fire and we will see what happens from here."

"What's done is ​still not ​undone, so the impact has yet ​to be seen. But obviously ‌markets are breathing a sigh of relief on these news."

ELIAS HADDAD, GLOBAL HEAD OF MARKETS STRATEGY, BROWN BROTHERS HARRIMAN, LONDON

"It's clearly jaw boning in the face of the meltdown that we've seen. We're seeing a bit of a knee-jerk reaction to this positive news. If it's ‌a legitimate de-escalation, we could see ​a bit more of a relief rally ​in risk assets."

"It's still hard ​to say whether this is just political jaw boning ‌or a legitimate de-escalation in ​this crisis. There's certainly ​room for a bit of an unwind in the fear trade. A more sustained rally in risk assets will depend on ​whether this is ‌legit de-escalation or simply a pause before a next leg ​up in escalation."

(Reporting by the Reuters Markets Team; Compiled by ​Dhara Ranasinghe, editing by Alun John)

Instant View: World markets rally as Trump postpones military strikes on Iranian power plants

U.S. President Donald Trump said on Monday the U.S. has had good and productive conversations with Iran and he ‌will orde...
Iran live updates: Trump says US postponing attacks on Iranian energy facilities

President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes attack targeting military and government sites, officials said.

ABC News

Ayatollah Ali Khamenei was among those killed in Tehran on the first day of strikes, with his son Mojtaba Khameneilater chosento succeed him. Iran has responded with missile and drone attacks targeting Israel, regional U.S. bases and multiple Gulf nations. Iran is also attempting to block some shipping traffic through the Strait of Hormuz.

Israel is also intensifying its long-running strike campaign against the Iran-backed Hezbollah militia in Lebanon and expanding its ground operations in the south of the country.

Watch special coverage onNightline, "War with Iran," each night on ABC and streaming on Disney+ and Hulu.

Latest Developments

Mar 23, 7:34 AMUAE says 7 Iranian missiles, 16 drones shot down on Monday

The United Arab Emirates' Defense Ministry said on Monday that its forces had downed seven ballistic missiles and 16 drones launched by Iran.The tally takes the UAE's total number of interceptions to 352 ballistic missiles, 15 cruise missiles and 1,789 drones, the ministry said.To date, two military servicemembers and six civilians have been killed during Iranian attacks, with another 161 people injured, the ministry said.

Ryan Lim/AFP via Getty Images - PHOTO: A man walks along the Corniche in Abu Dhabi, UAE, on March 20, 2026.

Mar 23, 7:24 AMTrump says no Iran energy attacks for 5 days, cites 'productive' talks

President Donald Trump said Monday he had instructed the Pentagon "to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five day period, subject to the success of the ongoing meetings and discussions."Trump said Washington and Tehran "have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East."

Makis Kartsonakis/Reuters - PHOTO: USS Gerald R. Ford aircraft carrier arrives at Souda Bay naval base on the island of Crete, Greece, March 23, 2026.

The president had threatened to strike Iranian power plants on Saturday unless Tehran ended its efforts to block commercial shipping from transiting the strategic Strait of Hormuz within 48 hours. That deadline was set to expire on Monday evening.Trump said Monday that U.S.-Iran talks would "continue throughout the week."

-ABC News' Michelle Stoddart

Mar 23, 6:49 AMIran internet blackout enters day 24, NetBlocks says

Iran's nationwide internet blackout entered day 24 on Monday, according to the internet monitoring group NetBlocks.The blackout has now been in place for more than 552 hours, NetBlocks said in a post to X on Monday, describing the outage as "the most severe registered in any country.""International connectivity remains unavailable to the general public while authorities maintain a selective whitelist for global access," NetBlocks said.

Mar 23, 5:04 AM4 Gulf states report fresh Iranian drone, missile strikes

Saudi Arabia, the United Arab Emirates, Bahrain and Kuwait all reported fresh Iranian attacks on Monday.The UAE Defense Ministry said in a post to X that its forces intercepted an unspecified number of Iranian missiles and drones. In Abu Dhabi -- one of the country's seven constituent emirates -- the official government media office said one Indian national was injured by "debris falling in the Al Shawamekh area following the successful interception of a ballistic missile."

Ryan Lim/AFP via Getty Images - PHOTO: People sit along the corniche area in Abu Dhabi, UAE, on March 20, 2026.

The Saudi Arabian Defense Ministry said its forces intercepted several Iranian drones over the country's eastern region on Monday. Iran also fired two ballistic missiles toward the Riyadh region, the ministry said, one of which was intercepted and the other of which fell in an uninhabited area.Bahrain's Defence Force said in a post to X on Monday morning that it had intercepted another 32 Iranian drones and two ballistic missiles.In Kuwait, the Defense Ministry said in a post to X in the early hours of Monday that air defenses were responding to "hostile missile and drone attacks."

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Mar 23, 4:36 AMIran threatens to lay mines across Persian Gulf if land invasion launched

In a statement issued on Monday and published by the semi-official Fars news agency, Iran's Defense Council threatened to deploy naval mines across the "entire Persian Gulf" in response to any land invasion.The council issued the statement ahead of the potential arrival of a force of U.S. Marines in the region."Any attempt by the enemy to target Iran's coasts or islands will, naturally and in accordance with established military practice, lead to the mining of all access routes" in the "Persian Gulf and along the coasts," the council said.

Getty Images - PHOTO: A tanker is pictured in the Persian Gulf, near the Strait of Hormuz, on March 22, 2026 from Ras al Khaimah, United Arab Emirates.

-ABC News' Joe Simonetti

Mar 23, 3:43 AMIsrael launches new wave of strikes in Tehran

The Israel Defense Forces said in a post to X on Monday that it had launched "a widespread wave of attacks" against Iranian government infrastructure in the capital Tehran.

-/AFP via Getty Images - PHOTO: A car drives past a giant billboard in the Valiasr Square in Tehran, Iran, on March 22, 2026.

Mar 22, 8:27 PMState Department tells Americans worldwide to 'exercise increased caution'

In a notice on the U.S. State Department official website, the agency is advising Americans worldwide, "and especially in the Middle East," to "exercise increased caution.""Americans abroad should follow the guidance in security alerts issued by the nearest U.S. embassy or consulate," the statement reads.The State Department is warning that U.S. diplomatic facilities, including those outside of the Middle East, "have been targeted."The agency warns that groups in support of Iran "may target other U.S. interests overseas or locations associated with the United States and/or Americans throughout the world."

Mar 22, 7:55 PMIsraeli forces preparing to 'deepen the maneuver' in Lebanon

The Israel Defense Forces said in a statement that it's planning to "deepen" its military actions against Hezbollah in Lebanon."We are now preparing to deepen the maneuver and strikes according to an orderly plan. We will not stop until the threat is removed from the borders and long-term security is ensured for the residents of the northern region," the IDF said."It is a long battle, and we are prepared for it," the IDF added.Further details about the operation were not provided.

Mar 22, 5:33 AMIran warns of retaliatory strikes if US attacks power plants, state media says

The Iranian military said on Sunday that Tehran would seek to retaliate against U.S. energy sites and infrastructure in the Gulf region if Washington moves to strike Iranian power plants, according to Fars News Agency, a semi-official state news agency affiliated with Iran's Islamic Revolutionary Guard Corps.

Iran's Islamic Revolutionary Guard via AFP via Getty Images - PHOTO: This video grab taken from handout footage released by the Iranian Revolutionary Guard Corps (IRGC) on March 12, 2026, shows what it says was the

Trump said on Saturday that the U.S. would "hit and obliterate" Iranian power plants if the Strait of Hormuz wasn't opened within 48 hours"If Iran's fuel and energy infrastructure is attacked by the enemy, all energy infrastructure, as well as information technology (IT) and water desalination facilities, belonging to the U.S. and the regime in the region will be targeted pursuant to previous warnings," said Lt. Col. Ebrahim Zolfaqari, a spokesperson for the Iranian Armed Forces, according to Fars.

Mar 21, 8:25 PMTrump threatens to 'hit and obliterate' Iranian power plants if Strait of Hormuz not opened in 48 hours

President Donald Trump said the U.S. will "hit and obliterate" Iranian power plants if the Strait of Hormuz isn't opened within 48 hours"If Iran doesn't FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!" Trump said in a post on his social media platform.The largest power plant in Iran is thought to be the Damavand Combined Cycle Power Plant — which is located in the outskirts of the capital city Tehran.

Evelyn Hockstein/Reuters - PHOTO: President Donald Trump speaks during a meeting with Japanese Prime Minister Sanae Takaichi in the Oval Office at the White House in Washington, March 19, 2026.

Iran has effectively blocked the Strait of Hormuz -- a narrow waterway off Iran's southern coast that normally handles about 20% of global oil consumption -- since the start of the war.Trump's post came as he floated on Friday that he was considering "winding down" the U.S.'s military campaign, claiming the U.S. was "very close to meeting our objectives."Trump also said Friday that the U.S. would "help" Gulf states secure and police the Strait of Hormuz "if asked."

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