Finance

Iran sends waves of missiles into Israel, dismisses Trump's talk of negotiations as 'fake news'

Published by Global Banking & Finance Review

Posted on March 24, 2026

4 min read

· Last updated: April 1, 2026

Add as preferred source on Google
Iran sends waves of missiles into Israel, dismisses Trump's talk of negotiations as 'fake news'
Global Banking & Finance Awards 2026 — Call for Entries

WASHINGTON/JERUSALEM/TEL AVIV, March 24 (Reuters) - Iran launched multiple waves of missiles at Israel, the Israeli military said, after U.S. President Donald Trump postponed a threat to bomb the

Trump cites progress with Iran, US proposes plan to end war

US-Iran Negotiations and Settlement Proposal

By Ariba Shahid, Rami Ayyub and Alexander Cornwell

Progress in Negotiations

ISLAMABAD/JERUSALEM March 24 (Reuters) - U.S. President Donald Trump said on Tuesday the U.S. was making progress in its efforts to negotiate an end to war with Iran, including winning an important concession from Tehran, while a source confirmed that Washington had sent Iran a 15-point settlement proposal.

Trump told reporters at the White House the U.S. was talking to "the right people" in Iran in order to reach a deal to end hostilities, adding the Iranians wanted to reach a deal very badly.

"We're in negotiations right now," he said.

Iran's Response to Negotiations

Tehran has denied that direct talks have taken place. Iran's powerful parliament speaker Mohammad Baqer Qalibaf on Monday dismissed such reports as "fake news."

The 15-Point Plan

The New York Times reported on Tuesday that Washington sent Iran a 15-point plan to end the war in the Middle East. Israel's Channel 12, quoting three sources, said the U.S. was seeking a month-long ceasefire to discuss the 15-point plan.

A source familiar with the matter confirmed that the U.S. had sent a plan to Iran but provided no further details.

Key Elements of the Proposal

The Israeli media outlet said the plan would include the dismantling of Iran's nuclear program, ceasing support for proxy groups, and the reopening of the Strait of Hormuz.

Israeli Prime Minister Benjamin Netanyahu's office did not immediately respond to a request for comment.

Concessions and Developments

Trump told reporters at the White House that Iran had made a valuable concession related to non-nuclear energy and the Strait of Hormuz, although he did not elaborate.

Strait of Hormuz and Energy Impact

Iran has told the United Nations Security Council and the International Maritime Organization that "non-hostile vessels" may transit the Strait of Hormuz if they coordinate with Iranian authorities, according to a note seen by Reuters on Tuesday.

Iran has effectively shut the waterway, where 20% of the world's oil normally transits, since the U.S. and Israel launched attacks four weeks ago, creating the worst energy supply shock in history and sending fuel prices soaring.

"It was a very big present, worth a tremendous amount of money," Trump said in his comments on Iran, adding: "It was a very nice thing they did."

Ongoing Military Actions

But U.S., Israeli and Iranian strikes continued and sources said Washington was preparing to send more troops to the region.

US Military Buildup

Two people familiar with the matter told Reuters on Tuesday that the U.S. was expected to send thousands of soldiers from the Army's elite 82nd Airborne Division to the Middle East.

The forces will add to the 50,000 U.S. troops already in the region and accelerate Washington's massive U.S. military buildup there, fuelling fears of a longer conflict.

International Mediation Efforts

Pakistan's Role

Pakistan's prime minister said on Tuesday that he was willing to host talks between the U.S. and Iran on ending the war, a day after Trump postponed threats to bomb Iranian power plants, saying there had been "productive" talks.

In a post on X, Prime Minister Shehbaz Sharif said Pakistan fully supported ongoing efforts to pursue dialogue and was ready to host "meaningful and conclusive talks for a comprehensive settlement."

Potential for Talks in Pakistan

A Pakistani government source said discussions on a meeting were at an advanced stage and if it did happen, "a big 'if'," it would take place within a week. Pakistan has long-standing ties to neighboring Iran's Islamic Republic and has been building a relationship with Trump.

Background: Recent Strikes and Mediation

The U.S. and Israel launched strikes on Iran on February 28 after saying they had failed to make enough headway in talks aimed at ending Iran's nuclear program, although mediator Oman said significant progress had been made.

(Reporting by Phil Stewart, Idrees Ali, Gram Slattery and Humeyra Pamuk in Washington, Maayan Lubell in Jerusalem and Alexander Cornwell in Tel Aviv, Ariba Shahid in Islamabad, Saad Sayeed in Bangkok, Ahmed Rasheed and Muayad Hameed in Baghdad; Additional reporting by Reuters bureaus; Writing by David Brunnstrom, Michael Perry, Sharon Singleton, Keith Weir and Michael Martina; Editing by Kevin Liffey, Ros Russell and Cynthia Osterman)

Key Takeaways

  • Iran’s missile attacks triggered Israeli air‑raid alarms but caused no casualties, only debris damage.
  • Trump’s announcement of postponed strikes and ‘very good’ talks initially lifted markets and sank oil below $100, but Iran denied any negotiations.
  • Oil prices rebounded—Brent back above $100 (~$104) and U.S. crude near $92—as markets reevaluate amid conflicting signals and ongoing tensions.

References

Frequently Asked Questions

How did Iran's missile attack impact global markets?
Iran's missile attack led to sharp fluctuations in oil prices and boosted share prices, but market gains were threatened by ongoing geopolitical tensions.
What did President Trump claim about negotiations with Iran?
Trump claimed productive talks with Iran led him to postpone military action, though Iranian officials dismissed any such negotiations.
How did oil prices react to the events between Iran and Israel?
Oil prices initially dropped below $100 a barrel after Trump's announcement but rebounded quickly as tensions persisted.
Was there any confirmation of direct US-Iran negotiations?
There was no immediate confirmation of direct negotiations; Iranian and other sources denied them and cited regional mediation instead.
Which regions were directly affected by Iran's missile strikes?
Parts of Israel, including Tel Aviv and northern areas, were affected by missile interceptions and some property damage.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category