US President Donald Trump hosts a Cabinet meeting in the Cabinet Room of the White House on March 26, 2026.
Jim Watson AFP | getty images
Hello, I am Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open.
These days, a deadline is rarely a deadline. US President Donald Trump Iran has halted its “energy plant destruction period” for 10 days until April 6, while Iran’s claim of allowing 10 ships to pass through the Strait of Hormuz shows signs of progress towards peace.
Markets may need more reassurance. Oil prices have retreated, but there are no signs of a broader relief rally this morning.
What you need to know today
President Donald Trump has Extends moratorium on potential US attacks on Iran’s energy facilities until April 6, although he warns Iranian negotiators “Get serious soon, before it’s too late, because once that happens, there’s no going back, and it won’t be pretty.”
The president branded Iranian negotiators “very aloof” and “weird” and claimed they were “begging” the US to make a deal to end the four-week war.
Trump had previously warned that the US would destroy Iranian energy facilities if Tehran did not open the vital Strait of Hormuz – something the president had indicated was beginning to happen.
He said Thursday that Iran had allowed 10 oil tankers to pass through the strait this week as a “gift” and a gesture of goodwill toward the United States. Tehran has not commented publicly on the matter.
Oil prices fell in early trading Friday, with Brent and WTI on track for their biggest weekly decline in six months. reuters. Mixed trading across Asia suggested markets disagree with extended peace talks, while early indicators suggest gains for major markets in Europe and the US.
In corporate news, a federal judge in San Francisco granted Anthropic’s request for a preliminary injunction in its lawsuit against the Trump administration.
Judge Rita Lin issued the ruling on Thursday, two days after lawyers for the artificial intelligence startup and the US government appeared in court for the hearing. anthropic filed a lawsuit against The administration will attempt to reverse its blacklisting by the Pentagon and Trump’s directive banning federal agencies from using its cloud model.
“Punishing Anthropic for publicly investigating the government’s contracting situation is classic illegal First Amendment retaliation,” Lynn wrote in the order. It may take several months for the final decision in the case to come.
– Leonie Kidd
