“Iran launched multiple waves of missiles at Israel, the Israeli military said, after U.S. President Donald Trump postponed a threat to bomb the Islamic Republic’s power grid because of what he described as productive talks with Iranian officials.”

“The missiles triggered air raid sirens in parts of Israel, including Tel Aviv, where blasts from interceptions were heard.”

“In one attack, homes in northern Israel were damaged by falling debris following an interception.”

“No deaths were reported.”

“Mr. Trump wrote on his Truth Social platform that the U.S. and Iran had held 'very good and productive' conversations about a 'complete and total resolution of hostilities in the Middle East'.”

“As a result, he said, he was postponing for five days a plan to hit Iran’s energy grid.”

“His announcement sent share prices higher and oil prices sharply lower to below $100 a barrel, a sudden reversal to a market swoon caused by his weekend threats and Iran’s vows to respond.”

“Iran’s Parliament Speaker, Mohammad Baqer Qalibaf, said no negotiations had taken place.”

“Iran’s elite Revolutionary Guards (IRGC) said they were launching fresh attacks on U.S. targets, and described Mr. Trump’s words as 'psychological operations' that were 'worn out' and having no impact on Tehran’s fight.”

“Global markets rallied in relief overnight Monday after Mr. Trump added five days to his ultimatum for Iran to reopen the Strait of Hormuz within 48 hours.”

“A Pakistani official and a second source told Reuters that direct talks on ending the war could be held in Islamabad as soon as this week.”

“Mr. Trump told reporters his special envoy, Steve Witkoff and son-in-law Jared Kushner, had held discussions with a top Iranian official into the evening on Sunday and would continue on Monday.”

“Brent crude futures LCOc1 were up 4.2% to $104.21 a barrel, reversing some of their 10% slide from Monday.”

“Iranian media reported that Iran’s President Masoud Pezeshkian and Pakistani Prime Minister Shehbaz Sharif discussed the impact of the war on regional and global security.”

“Iran has effectively closed the key Strait of Hormuz since the United States and Israel launched their war on the country on February 28. More than 2,000 people have been killed in the war.”

“Iran’s Foreign Ministry described initiatives to reduce tensions, stating Iran’s Foreign Minister Abbas Araqchi had reviewed developments related to the Strait of Hormuz with his Omani counterpart.”

“A European official said that while there had been no direct negotiations between the two nations, Egypt, Pakistan and Gulf states were relaying messages.”

“Israeli Prime Minister Benjamin Netanyahu stated Israel would press on with attacks in Lebanon and Iran.”