“Was it all a dream? Or is the US president simply unwilling to follow through on his threats? Iran called Trump’s bluff, threatening to retaliate against energy infrastructure and desalination plants in neighbouring countries. US allies may have convinced Trump that this would create a much bigger crisis in the region. So, perhaps Trump is just buying time for an alternative form of escalation. The new deadline coincides with the expected arrival of US marines in the region.”

– ZeroHedge’s Tyler Durden, analyzing President Trump’s five-day grace period before a threatened attack on Iranian power plants in retaliation for the Iranian regime closing the Strait of Hormuz. Trump announced he’d be holding off in response to what he called “productive” negotiations; the Iranian regime then denied any such negotiations had taken place.