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Gold Prices: Gold price today: Yellow metal falls for fifth straight session; check latest 24k, 22k rates in Delhi, Mumbai, Kolkata and more


Gold price today: Yellow metal falls for fifth straight session; check latest 24k, 22k rates in Delhi, Mumbai, Kolkata and more

Gold prices extended losses for the fifth consecutive session on Tuesday, even as retail rates in major cities moved higher. Gold contracts for April delivery on the Multi Commodity Exchange (MCX) fell by Rs 2,260, or 1.62 per cent, to Rs 1,37,000 per 10 grams, amid continued uncertainty over geopolitical developments in the Middle East.Analysts said bullion remained under pressure due to conflicting signals around the Iran-Israel-US situation, which has kept the market volatile. In the international market, gold futures for the April contract slipped $62.4, or 1.42 per cent, to $4,344.9 per ounce. According to news agency PTI, experts said investors are now watching key US macroeconomic data, including ADP employment and PMI figures, for further clues on the Federal Reserve’s rate-cut path.

City-wise gold rates today

Gold rate in Bengaluru today:

Bengaluru’s 24K gold price stands at Rs 14,035 per gram, while 22K gold costs Rs 12,865 and 18K gold Rs 10,526 per gram. Compared to yesterday, 24K gold rose by Rs 470, 22K by Rs 430 and 18K by Rs 352.

Gold rate in Delhi today:

In Delhi, 24K gold is priced at Rs 14,050 per gram, 22K at Rs 12,880 and 18K at Rs 10,541. Since yesterday, 24K gold has increased by Rs 470, 22K by Rs 430 and 18K by Rs 352.

Gold rate in Mumbai today:

Mumbai’s 24K gold rate stands at Rs 14,035 per gram. The 22K variant is at Rs 12,865, while 18K gold is priced at Rs 10,526. Compared to the previous day, 24K gold climbed by Rs 470, 22K by Rs 430 and 18K by Rs 352.

Gold rate in Chennai today:

In Chennai, 24K gold is trading at Rs 14,182 per gram, while 22K gold is priced at Rs 13,000 and 18K at Rs 10,820. Compared to yesterday, 24K gold is up by Rs 262, 22K by Rs 240 and 18K by Rs 180.

Gold rate in Kolkata today:

Kolkata records 24K gold at Rs 14,035 per gram, 22K at Rs 12,865 and 18K at Rs 10,526. Prices have increased by Rs 470, Rs 430 and Rs 352 respectively.

Gold rate in Hyderabad today:

Hyderabad sees 24K gold at Rs 14,035 per gram, 22K at Rs 12,865 and 18K at Rs 10,526. All three categories are higher by Rs 470, Rs 430 and Rs 352 respectively.

Gold rate in Ahmedabad today:

In Ahmedabad, 24K gold is priced at Rs 14,040 per gram, 22K at Rs 12,870 and 18K at Rs 10,531. Compared to yesterday, 24K gold is up Rs 470, 22K up Rs 430 and 18K up Rs 352.

Gold rate in Jaipur today:

Jaipur’s 24K gold rate stands at Rs 14,050 per gram, while 22K is Rs 12,880 and 18K Rs 10,541. Prices have risen by Rs 470, Rs 430 and Rs 352 respectively.

Gold rate in Bhubaneswar today:

In Bhubaneswar, 24K gold is retailing at Rs 14,035 per gram, 22K at Rs 12,865 and 18K at Rs 10,526. Compared to yesterday, prices are higher by Rs 470, Rs 430 and Rs 352 respectively.

Gold rate in Pune today:

Pune records 24K gold at Rs 14,035 per gram, 22K at Rs 12,865 and 18K at Rs 10,526. Prices have increased by Rs 470, Rs 430 and Rs 352 respectively.

Gold rate in Kanpur today:

Kanpur’s 24K gold price stands at Rs 14,050 per gram, 22K at Rs 12,880 and 18K at Rs 10,541. Compared with the previous day, prices have risen by Rs 470, Rs 430 and Rs 352 respectively.



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Delhi HC throws out Lalu Yadav’s plea in land-for-jobs case, terms it ‘devoid of merit’ | India News


Delhi HC throws out Lalu Yadav’s plea in land-for-jobs case, terms it ‘devoid of merit’

NEW DELHI: The Delhi high court on Tuesday dismissed a plea by RJD chief and former railway minister Lalu Prasad Yadav seeking to quash a CBI FIR in the alleged land-for-jobs case, holding that the petition was “devoid of merit”. The order was passed by justice Ravinder Dudeja, effectively allowing the investigation and related proceedings to continue.The petition had challenged the FIR registered on May 18, 2022, along with three chargesheets filed in 2022, 2023 and 2024, and the orders through which cognisance was taken. However, the court rejected all grounds raised by Yadav, concluding that there was no legal basis to interfere at this stage.Yadav had argued that the entire proceedings were invalid due to the absence of prior sanction under Section 17A of the Prevention of Corruption Act. Appearing for him, senior advocate Kapil Sibal contended that the alleged acts took place during Yadav’s tenure as Railway Minister between 2004 and 2009 and were therefore part of his official duties, making prior approval mandatory before any investigation.Opposing the plea, additional solicitor general S.V. Raju, appearing for the CBI, argued that no such sanction was required. He maintained that decisions regarding appointments were taken by general managers rather than the Minister directly, and thus the protection under Section 17A would not apply.The HC had earlier heard detailed submissions from both sides and allowed time for written arguments before delivering its verdict.The case pertains to alleged irregular appointments to Group D posts in the west central zone of the Indian Railways, based in Jabalpur, Madhya Pradesh. The CBI has alleged that jobs were granted in exchange for land parcels transferred to Yadav’s family members or associates.The FIR names Yadav among several accused, including his wife, two daughters, unidentified public officials and private individuals.In his plea, Yadav also cited a significant delay, noting that the FIR was filed nearly 14 years after the alleged incidents, despite earlier enquiries having been closed with a report submitted before a competent court. He argued that reopening the case without disclosing these closure reports amounted to an abuse of process.The petition further claimed that the investigation was politically motivated and violated his right to a fair probe, reiterating that the absence of approval under Section 17A rendered the proceedings void from the outset.Rejecting these contentions, the High Court held that the plea lacked merit, clearing the way for the case to proceed.



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‘Universal joke’: Rahul Gandhi on PM Modi’s foreign policy, says he’s ‘compromised’ | India News


'100% Under Control Of Trump': Rahul Gandhi Slams PM Modi Over West Asia Remarks In Lok Sabha

NEW DELHI: Leader of opposition in Lok Sabha Rahul Gandhi said that India’s foreign policy was Prime Minister Narendra Modi’s “personal” policy and called it a “universal joke”. He further accused that the prime minister was “compromised”, adding that he was acting upon US President Donald Trump‘s directions.“Our foreign policy is PM Modi‘s personal foreign policy… Everyone considers this a universal joke… Donald Trump knows exactly what PM Modi can and cannot do. If the Prime Minister is compromised, our foreign policy is compromised,” he said.

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‘100% Under Control Of Trump’: Rahul Gandhi Slams PM Modi Over West Asia Remarks In Lok Sabha

He further raised concerns about the rising LPG and fuel prices in the nation saying that if the PM thinks the situation would be like Covid, then he should remeber the number of deaths during the pandemic. “He made an irrelevant speech in the Parliament yesterday… It should seem that he is India’s Prime Minister, but there is no position… People will have to suffer due to this. It is just the beginning where LPG and petrol prices have risen… He claims the situation will be like Covid, but he forgot how many people died during Covid and the amount of tragedies that took place,” he said.“All-party meeting should take place, but a structural blunder has been made… And this cannot be fixed, especially the Prime Minister cannot. He will do whatever America says and will not work in the interest of the farmers and the country. He will do whatever America and Israel say,” he said.PM Modi spoke in Rajya Sabha earlier in the day and said India had adequate crude oil reserves and strong supply arrangements despite the ongoing West Asia conflict.He noted that the country has expanded its strategic petroleum reserves and boosted refining capacity, even as disruptions impact global trade through the Strait of Hormuz.He has also called for an all-party meet on Wednesday. Rahul said that he would not be able to attend the meeting saying that he has a program in the poll-bound state of Kerala.“I would not be able to attend because I have a program in Kerala. All-party meeting should take place, but a structural blunder has been made,” he said.



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AutHer Awards 2026 winners announced at a grand event in New Delhi: Complete list of winners


Auther Awards winner 2026

It was an exciting evening at Taj Palace, New Delhi this Sunday (March 22, 2026) as the audience witnessed a heart-warming celebration of Indian women writers on the occasion of AutHer Awards 2026 winner announcements. The AutHer Awards, a joint venture between JK Paper and The Times of India, celebrates women authors who have added value and creativity to the literary space. From authors, publishers, and academicians to book lovers, politicians, and artistes– the seventh edition of AutHer Awards was attended by some of the biggest names in the literary world.Veteran actor-author Kabir Bedi was the Chief Guest for AutHer Awards 2026.

The winners are…

The AutHer Awards 2026 winners were announced in four major categories, namely– Fiction, Non-Fiction, Children’s Literature, and Debut. A Lifetime Achievement award, a Prize in the Popular Choice category (based on an online poll), and a Best Manuscript Award were also given.The AutHer Awards 2026- Best Author Fiction was given to Kavery Nambisan for ‘Rising Sons’ (published by Penguin Random House India).The AutHer Awards 2026- Best Author Non-Fiction was given to not one but two women authors. The award was given to Vidya Rajan for ‘Rubber’ (published by Westland Books), and to Narayani Basu for ‘A Man For All Seasons’ (also published by Westland Books).The AutHer Awards 2026- Best Author Debut Award was awarded to two authors this time, namely: Swati Pandey for ‘Invisible In Plain Sight: Vpiceds Fro The Bylanes of Kamathipura’ (published by Juggernaut Books), and Subi Taba for ‘Tales From The Dawn-Lit Mountains’ (published by Penguin Random House India).The AutHer Awards 2026 for Best Children’s Authorwas given to Likla Lal for her book ‘Ganesh Haloi: Colours of Home’ published by Art1st.The Popular Choice Awardwas won by Astha Gill for her book ‘Blame It On The Hormones:The Divine Chemistry, The Daily Chaos’, for garnering the maximum number of votes online.Veteran Indian author Mrs Urmila Pawar was awarded the Lifetime Achievement Award this year for her timeless contribution to Indian writing.And lastly, the AutHer Awards 2026 for Best Manuscript was given to Saanvi Shabeesh for ‘City of Doom’. The award recognises and inspires budding writers to let their imaginations soar.

The selection process

The Longlist, Shortlist, and Winners for AutHer Awards 2026 were chosen after multiple layers of screening, followed by detailed discussions among a panel of eminent jury. This year The Times of India received roughly 3000 entries, submitted by both publishers and authors, for the coveted women writers awards which is the first of its kind in India. The jury considered books by women published in India between December 2024 and November 2025.Check the complete Longlist for AutHer Awards 2026 HERECheck the complete Shortlist for AutHer Awards 2026 HERE

The Jury

The Jury for this year’s AutHer Awards 2026 in different categories included:1. Fiction: Manju Kapur, Sudeep Nagarkar, Kiran Manral2. Non-fiction: Ravikant Kisana, Amrita Shah, Dr Radha Kumar3. Debut: Soha Ali khan, Preeti Shenoy, Vasudhendra4. Best children’s literature: Nina Sabnani, Neil D’Silva, Zai WhitakerTalking about AutHer Awards, Jaya Bhattacharji Rose, Literary Director- AutHer Awards 2026, said, “Women have always been storytellers. From oral traditions whispered across generations to novels that challenge power structures, women writers have shaped how we see the world. They write under pseudonyms, between household duties, before or after their professional commitments, in the early hours of the morning or in stolen hours of the night. Their resilience is not just inspiring; it is foundational to literature itself.“As the biggest literary platform in the country for women writers, the AutHer Awards honours the writers who made the biggest difference, those who stood out for their originality, those who reached out to diverse audiences and those who spoke of, for and to India in the most interesting ways. AutHers Award 2026 represent the very best literature in Bharat.”For more details, log on to https://autherawards.in/



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IPL 2026: Matthew Hayden picks Gujarat Titans star worthy of his iconic mongoose bat



As the excitement builds ahead of IPL 2026, Gujarat Titans’ (GT) camp got a special boost when their batting coach Matthew Hayden made a fascinating revelation. The former Australian opener, known for his explosive batting during his playing days, named the player he would happily pass his iconic Mongoose bat to.

The mongoose bat and Hayden’s endorsement

The Mongoose bat holds a special place in IPL history, largely because of how effectively Hayden used it during his time with CSK. With its unique design – a longer handle and a shorter blade – it allowed players to generate incredible bat speed and hit the ball with immense power.

Hayden famously showcased its potential when he smashed a blistering 93 off 43 balls against Delhi Daredevils (now Delhi Capitals) back in 2010. That knock remains one of the most memorable examples of raw hitting in the tournament’s early years.

Now, years later, Hayden sees a similar spark in Rahul Tewatia. Speaking at GT’s “Shubharambh 2026” event in Ahmedabad, he said:

“If I had to hand my Mongoose bat to someone from GT, it would have to be Rahul Tewatia. He has the power. He does a very good job with the long bat. The margins in T20 cricket are five runs, 10 runs and to have that power at the backend and frontend is good. You will get it, mate.”

That statement perfectly captures why Tewatia stands out. In modern T20 cricket, where matches are often decided by the smallest of margins, having a player who can consistently deliver big hits in crunch moments is invaluable. Tewatia’s calm approach combined with his ability to accelerate makes him a natural fit for a bat designed purely for power.

Since joining Gujarat Titans, Tewatia has quietly become one of the most reliable finishers in the league. With 591 runs in 43 innings at a strike rate of over 150, his numbers reflect both consistency and impact. Whether it’s chasing tricky totals or finishing innings with a flourish, he has repeatedly shown that he thrives under pressure.

Also READ: Aakash Chopra points out the weakness of Gujarat Titans ahead of IPL 2026

“I am worried when an easy catch comes my way”: Glenn Phillips

The “Shubharambh 2026” event wasn’t just about Hayden’s endorsement. It also offered a glimpse into the mindset and personality within the Gujarat Titans squad.

New Zealand star Glenn Phillips shared an honest and slightly humorous take on fielding pressure. He said, “I am worried when an easy catch comes my way. Hard catches I know I will take, but easy catch, oh I am worried.”

It’s a relatable sentiment that highlights the mental side of cricket – sometimes the simplest chances can feel like the toughest.

Meanwhile, head coach Ashish Nehra reinforced the team’s competitive spirit with a strong message. He stated, “From day one, our mindset has been clear, we are not here to participate, we are here to compete and win.”

This clear and focused approach has been a defining trait of Gujarat Titans since their debut season. It reflects a culture built around confidence, clarity and a hunger to succeed.

Also READ: IPL 2026 Auction – Salary of Gujarat Titans (GT) players; check out how much Shubman Gill and Jason Holder earn



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How much oil does India have? PM Modi explains nation’s preparedness amid global fuel crisis


How much oil does India have? PM Modi explains nation’s preparedness amid global fuel crisis
PM Narendra Modi (ANI image)

NEW DELHI: Prime Minister Narendra Modi on Tuesday addressed the impact of the ongoing West Asia war on India’s fuel supplies, assuring the country of sufficient crude oil storage and uninterrupted supply arrangements.Speaking in the Rajya Sabha, PM Modi said the conflict has created a serious fuel crunch globally and India is also feeling its impact. “West Asian war has impacted us all. I want to express the government’s stance on this war in front of the House and the people of India. This war has been going on for over 3 weeks. It has created a serious fuel issue in the world. The situation in India is worrying too. This has impacted our ways of business,” he said.Highlighting India’s preparedness, PM Modi said that in the past 11 years, the country has created 53 lakh metric tonnes (MT) of strategic oil reserves, with work underway to add another 65 lakh MT. “The country is working on arranging over 65 lakh metric ton gas. Along with that, India’s refining capacity has also been increased in the past 10 years. I want to assure the country that India has enough crude oil storage and non-stop supply arrangements,” PM Modi said.He added that the Centre has started a Rs 70,000-crore project to manufacture ships. PM Modi further assured that his government is trying to procure gas and crude oil from all available sources.“Govt has constituted 7 empowered groups to evolve strategies on fuel, supply chains, fertilisers, among others,” he said. Asserting the stance of India in the ongoing conflict, PM Modi said that the nation wants peace in the region through dialogue and diplomacy.On the broader economic impact, the Prime Minister acknowledged the global disruption caused by the crisis, saying, “West Asia crisis has shaken world economy, will take a long time to recover. Govt making all efforts to minimise impact of West Asia crisis on India,” he said. PM Modi reaffirmed the commitment to maintain high economic growth. “Irrespective of crisis, maintaining high economic growth is our responsibility,” he said. The ongoing conflict in West Asia has entered its fourth week, disrupting trade routes through the Strait of Hormuz. The war started on February 28 with the killing of Iran’s former Supreme Leader Ayatollah Khamenei.



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Big blow to RCB, Yash Dayal ruled of IPL 2026 due to personal reasons | Cricket News


Big blow to RCB, Yash Dayal ruled of IPL 2026 due to personal reasons
Yash Dayal (Image credit: BCCI/IPL)

Defending champions Royal Challengers Bengaluru (RCB) have been dealt a massive blow ahead of the Indian Premier League (IPL) 2026 as the franchise confirmed that the fast bowler Yash Dayal will miss the entire tournament due to personal reasons. Yash Dayal was not seen in the RCB’s training sessions and also in the poster of RCB which sparked rumours of his absence from IPL 2026. Now RCB’s director of cricket, Mo Bobat, has cleared all the doubts over his absence. “So, just to confirm that Yash will not be joining up with the squad. As you know, he is going through a personal situation currently, and just to clarify, we’ve been very supportive of Yash to date and that’s reflected in the fact that we retained him when we had the opportunity to either retain or release players. We wanted to retain him, and he remains under contract and will continue in the short term to remain under contract,” Bobat told the media during a press conference on Tuesday. “We are communicating with him regularly. I spoke to him earlier today as well, but it has been decided that it is not in his best interest or the franchise’s best interest for him to join up with us at this point. He retains our support, and he remains under contract, and we’ll continue to speak to him as he goes through his personal situation,” he added.Earlier, TimesofIndia.com had reached out to multiple RCB officials for an update on Dayal, but they didn’t respond. It has been learnt that the BCCI Centre of Excellence contacted the Uttar Pradesh Cricket Association (UPCA) last September to check on the bowler, but the officials could not establish contact with him.“The case was going on against him, so he wasn’t considered for selection. I remember there was a call from CoE checking on him in September, but we weren’t able to establish any contact with Yash Dayal. He has even changed his number. Even his childhood coach doesn’t know his whereabouts,” a UPCA official tells TimesofIndia.com.

Yash Dayal for RCB in IPL

Yash Dayal has played two seasons (2024, 2025) with Royal Challengers Bengaluru (RCB), he has taken 28 wickets in 29 matches. He was a key figure in RCB’s bowling attack, notably helping the team reach the playoffs in 2024 and securing their first-ever IPL title in 2025. Dayal was the joint-highest wicket-taker for RCB in 2024 with 15 wickets. He has built a reputation as death over baller after conceding 5 sixes for Gujarat Titans in IPL 2023, RCB backed him and made him one of the dependable for RCB. Dayal, recently tied the knot with social media influencer Shweta Pundir in a primate ceremony, has been at the centre of major controversies of late. He was denied anticipatory bail a few months ago after he was involved in a case where he allegedly raped a minor. The controversy started in July 2025 when a lawsuit was brought against him for allegedly exploiting a woman under the guise of marriage. Later, a new case under the POSCO Act surfaced in Jaipur.

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Puducherry assembly polls: High-calibre fight in Thattanchavady as CM Rangasamy takes on ex-CM Vaithilingam | India News


Puducherry assembly polls: High-calibre fight in Thattanchavady as CM Rangasamy takes on ex-CM Vaithilingam
N Rangasamy (left) and V Vaithilingam

NEW DELHI: Puducherry’s Thattanchavady constituency will see Congress MP and former chief minister V Vaithilingam take on incumbent CM N Rangasamy, marking the most high-profile contest in the upcoming assembly election.Rangasamy is also the current Thattanchavady MLA.

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TN Polls Turn 5-Cornered: DMK, NDA, Vijay & Rebels: Who Holds The Edge?

The Union territory will hold assembly polls on April 9. The counting of votes will be held on May 4, along with the four poll-bound states – Assam, Keralam, Tamil Nadu, and West Bengal – which will vote around the same time.Rangasamy, a former Congress leader, floated his own party, the All India NR Congress (AINRC), in February 2011. He has served as chief minister twice as a Congress leader and twice more as the founder-president of the AINRC.

Rangasamy vs Vaithilingam

Rangasamy vs Vaithilingam

Vaithilingam is a two-term former CM and the sitting MP from the Union territory’s lone Lok Sabha seat, also called Puducherry, which he won in the 2019 general elections and retained five years later.Rangasamy is also contesting from a second constituency, Mangalam.The AINRC is contesting the polls in alliance with the BJP and will field candidates in 16 of the 30 seats that go to direct elections (the remaining three MLAs are nominated by the central government).Also Read | Puducherry polls: BJP names candidate for Karaikal South – check full listThe BJP will contest the remaining 14 constituencies, of which it has allotted two seats each to the AIADMK and the Latchiya Jananayaka Katchi.The Congress and the DMK will contest under a similar seat-sharing arrangement, with the Congress set to field 16 candidates and the DMK 14.Also Read | Puducherry assembly polls: Seat deadlock ends; Congress gets 16, DMK 14In the 2021 polls, the AINRC-BJP combine won 16 seats—the exact majority mark—to unseat the Congress, which secured just two seats, while its ally, the DMK, won six. The Congress had unseated the AINRC in 2011.



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Centre calls for all-party meeting amid escalating West Asia tensions | India News


Centre calls for all-party meeting amid escalating West Asia tensions
Representational image (ANI file photo)

The central government called an all-party meeting on Wednesday to discuss the escalating West Asia crisis. The move comes amid reports of an LPG crisis and unstable market conditions caused by tensions in the region.Opposition leaders have been attacking the government’s handling of the situation and pressing it to convene an all-party meeting at the earliest.

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‘India Moving Ahead With Resolve’: PM Modi’s Big Message On West Asia Conflict

On Tuesday, Congress leader Jairam Ramesh slammed the government’s handling of the ongoing West Asia conflict.Meanwhile, in Rajya Sabha, CPI(M) MP John Brittas cited a 2003 parliamentary resolution condemning the Iraq war and urged the government to take a similar stand on Iran. Congress MP Vijay Vasanth also moved an adjournment motion in the Lok Sabha on the LPG cylinder shortage and alleged irregularities in pricing.Prime Minister Narendra Modi spoke in the Rajya Sabha on Tuesday on India’s energy security and the broader impact of the West Asia conflict.“About 1 crore Indians live and work in the Gulf countries. Safeguarding their life and livelihoods is a matter of great concern for India. Several ships are stuck in the Strait of Hormuz. Indian crew members are stuck on those ships in large numbers. This too is a cause of major concern for India. In such a difficult situation, it is important that India’s Upper House sends out a united voice of peace and dialogue,” PM Modi said.Meanwhile, Defence Minister Rajnath Singh chaired a review meeting with top military officials on Tuesday, including CDS General Anil Chauhan, Air Chief Marshal Amar Preet Singh, and DRDO Chairman Samir Kamat, to assess India’s defence preparedness amid global and regional security challenges.



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‘No direct talks, buying time’: What Iran has said on Trump’s claims


Conflicting narratives have emerged between the United States and Iran after President Donald Trump claimed “very good” and “productive” talks with Tehran after announcing a temporary pause in planned strikes on the region’s energy infrastructure. However, Iranian authorities denied any direct negotiations, accusing Washington of using diplomacy as a cover to “buy time” for military action.Speaking to reporters before boarding Air Force One, Trump reiterated that the United States and Iran were making significant progress toward a deal. “We have major point of agreement; I would say almost all points of agreement,” he said, adding, “they want very much to make a deal; we’d like to make a deal too.”

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Iranian Attacks ‘Force’ US To Withdraw Troops From Arab Nation; Trump Gets 24 Hours For Pull Out

He also revealed that US officials were in contact with “a top person” in Iran, though not the supreme leader, saying, “I can’t name the person… because I don’t want him to be killed.” Trump suggested a potential breakthrough could involve Iran abandoning its nuclear weapons ambitions in exchange for peace, and indicated further talks were expected soon. “We’re going to get together today, by probably phone,” he added.

Strike threat paused for five days

Trump’s remarks came after in the day, he announced a temporary halt to planned US strikes on Iran’s energy infrastructure, including power plants, for a five-day window.Sharing a post on Truth Social, Trump said Washington and Tehran had held “productive conversations” over the past two days aimed at “a complete and total resolution” of hostilities in the Middle East.

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Citing the talks, Trump said he had directed 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.”He added that the previously undisclosed US-Iran discussions would “continue throughout the week.” The announcement came just ahead of a Monday night ultimatum for Iran to reopen the Strait of Hormuz shipping route or face threats.Earlier on Saturday, Trump had threatened to “obliterate” Iran’s power infrastructure if Tehran failed to reopen the strategically vital Strait of Hormuz, through which nearly a fifth of global oil supply passes.

Iran denies talks, calls it “psychological warfare”

Iran, however, rejected Trump’s claims outright.According to Iranian state media citing the foreign ministry, the US move to delay strikes was “part of efforts to lower energy prices and buy time for the implementation of his military plans.” Dismissing the idea of negotiations, the ministry said, “No negotiations have taken place and none are underway.” It added that while “initiatives from regional countries to reduce tensions” had been proposed, Tehran’s response remained consistent: “we are not the party that started this war, and all such requests must be referred to Washington.” Iranian outlets portrayed the US position as a retreat under pressure. Tasnim news agency reported, “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.” “With this kind of psychological warfare, neither the Strait of Hormuz will return to prewar conditions nor will calm return to energy markets,” it added.

Strikes continue despite diplomatic signals

Even as diplomatic signals emerged, military action continued on the ground.Shortly after Trump announced a pause on strikes, the Israeli military said it was carrying out another wave of attacks on targets in Tehran.Associated Press journalists reported hearing explosions at multiple locations across the Iranian capital on Monday afternoon, though it was not immediately clear what had been hit. Later in the day, more blasts were reported in the city, with no confirmed details on the targets.Meanwhile, Iran launched two missiles and 36 drones towards Bahrain over the past 24 hours, according to the country’s Defence Ministry.Tehran has stepped up its retaliation to US-Israeli strikes by disrupting traffic through the Strait of Hormuz, a route that carries about a fifth of global crude, while also targeting energy facilities, US embassies across the Gulf, and sites in Israel.

Oil markets swing sharply

The uncertainty triggered sharp movements in global oil markets. Prices, which had surged above $100 per barrel amid fears of supply disruption through the Strait of Hormuz, fell steeply after Trump’s announcement.Brent crude dropped more than 15%, briefly slipping below $100 before stabilising later. The volatility reflects the centrality of the Strait to global energy flows, with disruptions already raising fears of a prolonged supply shock.

‘No country will be immune to the effects’

Energy experts have cautioned that a prolonged disruption could trigger a crisis worse than past oil shocks, given the scale of supply at risk.The International Energy Agency (IEA) had earlier warned that the ongoing conflict has triggered a global energy crisis.Speaking at the National Press Club in Australia, IEA chief Fatih Birol said, “This crisis as things stand is now two oil crises and one gas crash put all together.”He cautioned that the global economy faces serious risks, adding, “The global economy is facing a major, major threat today, and I very much hope that this issue will be resolved as soon as possible.”Birol further warned that “no country will be immune to the effects of this crisis if it continues to go in this direction,” stressing the need for coordinated global action.The standoff has placed the Strait of Hormuz at the heart of the conflict, with both military escalation and diplomatic manoeuvring centred around the critical waterway.According to Reuters, the conflict, which began on February 28 with US-Israeli strikes on Iran, has killed more than 2,000 people and roiled global markets, pushing up fuel prices and fuelling inflation concerns while straining Western alliances.Concerns had also mounted over potential strikes on Gulf electricity grids, which could disrupt desalination systems critical for drinking water supply, further unsettling energy markets.



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