PODCAST:
March 24, 2026 ~ Chris Renwick and Lloyd Jackson talk with David Sowerby, managing director and portfolio manager at Ancora, about oil and the Dow soaring after President Donald Trump postponed strikes on Iran.
IRAN ~ Mixed signals are coming from the U.S. and Iran over talks that President Donald Trump alleges took place between the two nations to work on ending their conflict, but Iran is denying that the talks took place.
Early Monday, Trump made a post on Truth Social that claimed talks with Iran have been “VERY GOOD AND PRODUCTIVE” and that these talks could lead to a “COMPLETE AND TOTAL RESOLUTION TO HOSTILITIES.” This followed a threat against Iranian power plants if the nation failed to reopen the Strait of Hormuz by Monday, a major trade route for the global oil supply. The nation closed the Strait in retaliation after the U.S. and Israel launched airstrikes against Iran about a month prior.
However, officials from Iran and others from the region have stated that the U.S. sent messages to Iran via mediators that could potentially lead to talks, but no official discussions have taken place.
“No negotiations have been held with the US, and fake news is used to manipulate the financial and oil markets and escape the quagmire in which the US and Israel are trapped,” Iranian Parliament Speaker Mohammad Bagher Ghalibaf wrote on X.
U.S. and Israeli airstrikes have killed over 1,500 people in Iran so far, with Israeli operations in Lebanon killing 1,039 people. So far, 13 U.S. troops have been killed by Iran’s retaliatory strikes, with dozens more killed across the region in Israel, Iraq, Saudi Arabia, Kuwait, the United Arab Emirates, and Qatar.
