So the key question following President Donald Trump’s suspension of threatened strikes against Iran’s power plants is not whether he’s had another TACO (“Trump always chickens out”) moment. It’s whether Trump can get out of his war on Iran, even if he wants to. The conflagration could have set off a global recession and worsened dire humanitarian conditions for the very Iranian civilians Trump pledged to help. And it worked again: The Dow, the S&P 500 and the Nasdaq all rose over 1% Monday, while Brent crude, the global oil benchmark, fell 11%. Presidents often confront crises that come with no good options, but few face situations quite as intractable as the one in Iran that Trump created for himself.

Source: Egypt Independent March 24, 2026 12:21 UTC