Trump orders War Dept to postpone strikes on Iranian energy sites, citing 'productive' talks to end war

"BASED ON THE TENOR AND TONE OF THESE IN DEPTH, DETAILED, AND CONSTRUCTIVE CONVERSATIONS, WHICH WILL CONTINUE THROUGHOUT THE WEEK, I HAVE INSTRUCTED THE DEPARTMENT OF WAR TO POSTPONE ANY AND ALL MILITARY STRIKES AGAINST IRANIAN POWER PLANTS AND ENERGY INFRASTRUCTURE FOR A FIVE DAY PERIOD, SUBJECT TO THE SUCCESS OF THE ONGOING MEETINGS AND DISCUSSIONS."

Trump's move followed a threat by Iran to attack Israel's power plants and those supplying U.S. bases across the Gulf region if the U.S. targets Iran's power network.

The post led to an immediate reaction in the oil futures market globally.

The United Arab Emirates reported its air defenses were attempting to intercept new incoming Iranian fire Monday afternoon.

Modi said the country's power plants have adequate coal reserves and that all power supply systems are being closely monitored as summer approaches and demand rises. He said India's fertilizer stocks remain sufficient.

"This war is not in the interest of humanity," Modi said. "India is encouraging all sides to end war peacefully."

Reuters and The Associated Press contributed to this report.