Citing sources with knowledge, Iran's Fars News agency reported that there are no direct communications with the United Stats (US) nor through intermediaries, per Reuters.

The news outlet said that US President Donald Trump retreated after hearing that Iran would target all power plants in west Asia.

US President Trump announced earlier that they have decided to postpone any military strikes against Iranian power plants following "good and productive conversations" regarding a complete and total resolution of hostilities in the Middle East.

Market reaction

The US Dollar (USD) Index recovers from the session low it hit near 99.10 with the immediate reaction to US President Trump's announcement and clings to small daily gains slightly above 99.50.