Trump gave Iran 48 hours to reopen the Strait of Hormuz or he'd obliterate their power plants. Iran said they'd destroy energy infrastructure across the entire Gulf.

THEN This morning Trump backed down and pushed it five days. Iran says no negotiations are happening. Meanwhile he's lifted sanctions on Iranian oil, Russian oil, and Belarusian companies to manage the prices his war created.

The head of the IEA calls this the worst threat to global energy security in history. Five days. Then what?