Trump pauses attacks on Iran's energy plants and says talks are 'going well'

FILE PHOTO: U.S. Secretary of Defense Pete Hegseth and Chairman of the Joint Chiefs of Staff General Dan Caine hold a briefing amid the U.S.-Israeli war on Iran, at the Pentagon in Washington, D.C., U.S., March 19, 2026. (REUTERS/Evan Vucci)

DUBAI/TEL AVIV/WASHINGTON, March 27 (Reuters) - President Donald Trump announced that he will pause attacks on Iran's energy plants for 10 days at Tehran's request and said talks with Iran were going "very well," although an Iranian official dismissed a U.S. proposal for ending the conflict as "one-sided and unfair."

On Thursday, Trump threatened during a cabinet meeting at the White House to increase pressure on Iran if it did not make a deal, before later posting on social media that he would pause attacks on Iranian energy plants for 10 days until April 6, 2026 at 2000 EDT (0000 GMT on April 7).

"Talks are ongoing and, despite erroneous statements to the contrary by the Fake News Media, and others, they are going very well," he added in his Truth Social post. 

He later told Fox News' "The Five" program that the Iranians had asked for a seven-day pause. There was no immediate reaction from Tehran.

Iran has not asked for a 10-day pause on strikes on its energy plants, the Wall Street Journal cited peace talk mediators as saying. 

DRONE SPEEDBOATS

The war has massively disrupted shipping, sending crude oil prices up around 40% and causing a spike of some two-thirds in shipments of liquefied natural gas to Asia. Prices of nitrogen-based fertilizers, critical to food production, have risen by around 50%.

Despite Trump's upbeat assessment, Iran continued to retaliate against U.S. and Israeli strikes by hitting Israel and U.S. bases; it also struck Gulf states and effectively blocked Middle East fuel exports via the Strait of Hormuz.

The United States has deployed uncrewed drone speedboats for patrols as part of its operations against Iran, the Pentagon told Reuters, the first time Washington has confirmed using such vessels in an active conflict.

Trump said the U.S. would become the Islamic Republic's "worst nightmare" if it did not comply with U.S. demands, which include opening the strait and ending Tehran's nuclear program.

He said taking control of Iran's oil was an option, but gave no details.

The Iranian official told Reuters that a 15-point U.S. proposal, conveyed to Tehran by Pakistan, was reviewed in detail on Wednesday by senior Iranian officials and the representative of Iran's supreme leader. 

While they felt it served only U.S. and Israeli interests, diplomacy had not ended, the official said.


STRAIT OF HORMUZ A CRUCIAL ISSUE

Trump suggested on Thursday that Iran let 10 oil tankers transit the Strait of Hormuz as a goodwill gesture in negotiations, including some Pakistan-flagged vessels.

The president has sent thousands of troops to the Middle East, some of whom have already arrived, driving expectations of a ground invasion, although details remain scant.

Trump's special envoy, Steve Witkoff, confirmed that the U.S. had sent a "15-point action list" as a basis for negotiations to end the war. 

It includes demands ranging from dismantling Iran's nuclear program to curbing its missiles and effectively handing over control of the strait, according to sources and reports.

Pakistan's foreign minister said "indirect talks" between the U.S. and Iran were taking place through messages relayed by Islamabad, with other states including Turkey and Egypt also supporting mediation efforts. 

Any talks look set to be extremely thorny. 

Iran has hardened its stance since the war began, demanding guarantees against future military action, compensation for losses, and formal control of the strait, Iranian sources say.

It also told intermediaries that Lebanon must be included in any ceasefire deal, regional sources said.

Trump has not identified with whom the U.S. is negotiating in Iran, with many high-ranking officials among the thousands of people killed in the war across the Middle East.