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Story summary
- U.S. President Donald Trump postponed his threat to 'obliterate' Iran's energy system, signaling the limits of U.S. power.
- Trump said the pause followed 'productive talks' with Tehran, though Iran denies any talks occurred.
- Iran warned of severe consequences, including targeting desalination plants vital for Gulf allies.
- The conflict has driven oil prices up and risks a global recession.
- Trump's stance on the war fluctuates between de-escalation and threats, reflecting Gulf pressure.
