ISTANBUL
Here is a rundown of all the news that you need to start your Tuesday, including US President Donald Trump announcing a 5-day postponement of all strikes on Iranian power plants and energy infrastructure; a US-Israeli offensive targeting energy infrastructure in Iran; and the death toll in a Colombian military plane crash rising to 66.
TOP STORIES
US President Donald Trump on Monday said he has ordered a 5-day postponement of all strikes on Iranian power plants and energy infrastructure, citing “very good and productive” talks with Tehran over the past two days.
“I am pleased to report that the United States of America and the country of Iran have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East,” Trump said on his social media platform Truth Social.
He added that based on the “tenor and tone of these in-depth, detailed, and constructive conversations, witch [sic] will continue throughout the week," he has instructed the Department of Defense to postpone all military strikes against Iranian power plants and energy infrastructure for five days.
US-Israeli strikes on Monday reportedly targeted energy-related facilities in Iran’s Isfahan province and the southwestern city of Khorramshahr, Iranian media reported.
In Isfahan, a natural gas administration building and a gas pressure reduction station were damaged, with parts of the facilities and nearby homes sustaining damage, Fars News Agency reported.
In Khorramshahr, a natural gas pipeline belonging to a power plant was targeted.
Officials in Khorramshahr said that one missile hit an area outside a natural gas pipeline station and that there were no casualties.
While no information was provided on power outages in Isfahan, it was reported that power supply remained uninterrupted in Khorramshahr thanks to ongoing efforts.
At least 66 people were killed Monday when a Colombian military plane carrying 125 people crashed in the south of the country, according to local media.
The Hercules C-130 plane with 114 army personnel and 11 crew on board crashed just after taking off from Puerto Leguizamo, Putumayo.
President Gustavo Petro said earlier that the cause of the incident is unknown.
While authorities mobilize to respond to the accident and determine the cause of the crash, the Defense Ministry has activated all protocols to assist victims and their families.
"I express my most sincere condolences to the families of those affected and, out of respect for their grief, I urge avoiding speculation until official information is available," Defense Minister Pedro Sanchez said.
NEWS IN BRIEF
BUSINESS & ECONOMY
The price of gold rebounded to $4,400, after decreasing to $4,100 earlier on Monday as US President Donald Trump signaled a pause in strikes targeting Iran's power plants.
The price of gold is at around $4,410 per ounce as of 1150GMT, still down 2.3% from Friday's close.
Trump, on Monday, said he has ordered a five-day postponement of all strikes on Iranian power plants and energy infrastructure, citing “very good and productive” talks with Tehran over the past two days.
The US bond yields, hitting around 10-month highs earlier on Monday, fell after US President Donald Trump signals to pause in strikes targeting Iran's power plants.
The two-year bond yield was at 3.87% as of 1140GMT, after hitting 4.01%, and the five-year at 3.98%, decreasing from 4.1%.
The 10-year rate also fell to 4.34% from 4.44%.
news_share_descriptionsubscription_contact
