US-Israel War on Iran Day 28: Trump suspends operations targeting Iran's energy facilities for 10 days

Oil prices fell Friday after Donald Trump again pushed back a deadline for Iran to reopen the Strait of Hormuz, though most equities also dropped as traders shrugged at the news following a series of conflicting messaging from the White House.

Oil prices fell more than one percent Friday, though that only partially pared the previous day's surge amid growing anxiety that the conflict will last far longer than first thought.

Brent is up almost 50 percent since the war began on February 28, while West Texas Intermediate has risen around 40 percent.

Equities struggled following hefty losses in Wall Street.

Tokyo and Seoul, which had been the standout performers in the first two months of the year, were among the biggest losers, while Hong Kong, Sydney, Wellington, Taipei Jakarta and Manila were also sharply lower.

Shanghai and Singapore fluctuated.

Investors are also increasingly sceptical about the messaging from the White House, with Trump often flipping between threats and talk of peace.

Iran's Revolutionary Guards said on Friday they had carried out missile and drone strikes the previous day targeting sites in Israel and military facilities in the Gulf used by US forces.

The strikes involved long- and medium-range missiles and "destructive and roaming drones", and targeted sites in Israel, the United Arab Emirates, Qatar, Kuwait and Bahrain, the Guards said in a statement carried by the IRNA and Fars news agencies.

The statement said a maintenance facility for US air defence system Patriot was targeted in Bahrain.

Israel's military said its forces carried out strikes on "infrastructure" targets in Tehran early Friday, nearly a month into the Middle East war.

A brief military statement said Israeli forces "completed a wide-scale wave of strikes targeting infrastructure of the Iranian terror regime in the heart of Tehran".

The US Central Command has confirmed the death of Admiral Alireza Tangsiri even as the US military called on Iranians serving in the IRGC Navy to "immediately abandon their post and return home".

“US military strikes on the IRGC-N will continue. Therefore, we call on every Iranian serving in the IRGC-N to immediately abandon their post and return home to avoid further risk of unnecessary injury or death,” said US Admiral Brad Cooper, CentCom Commander.

Lebanese media reported an Israeli strike hit Beirut's southern suburbs early Friday, as AFP correspondents heard several explosions from the Hezbollah stronghold, which Israel has repeatedly struck since war erupted this month.

AFPTV footage showed smoke billowing from the area after the raid.

Israel has previously issued sweeping evacuation warnings for the area, but provided no specific warning in advance of Friday's strike, which came in the early hours of the morning.

Jordan has strongly condemned Iranian attack on United Arab Emirates, which resulted in the deaths of two individuals of Pakistani and Indian nationality. Several others were injured, including a Jordanian citizen, an Emirati national, and an Indian national, following fall of debris in Abu Dhabi.

Shipping lanes through the Strait of Hormuz are showing early signs of life again, with the US Department of the Treasury signaling a cautious rebound in maritime traffic — even as war tensions with Iran continue to dominate headlines.

US Treasury Secretary Scott Bessent said vessel movement in and out of the Arabian Gulf is now "increasing day by day", describing the shift as “the beginning” of a broader recovery.

"You're starting to see more and more movement in and out of the Gulf today, and this is more than yesterday, and this is the beginning."

US President Donald J. Trump announced a suspension of operations linked to targeting Iran's energy facilities for 10 days, effective until 6 April 2026. This move represents a 10-day extension of the current pause and comes as part of ongoing talks.

In a statement published on Truth Social, President Trump explained that the decision followed a request from the Iranian government. He noted that current discussions "are going very well," despite what he described as "erroneous statements to the contrary."

Day 27: Trump insists Iran is ‘begging’ to make a deal, not him

Day 26: US preparing to deploy 1,000 troops to Middle East

Day 25: UAE intercepts threats from Iran ; 1dead, 5 hurt in Bahrain

Day 24: Netanyahu speaks with Trump, vows to protect Israel's interests

Day 23: Trump gives Iran 48 hours to reopen Strait of Hormuz

Day 22: Trump says US considering ‘winding down’ war

Day 21: UK to let US use bases for strikes on Iran threats

Day 20: Trump vows to destroy Iran gas field; UAE intercepts threats

Day 19: Iran warns of 'consequences' after gas field hit

Day 18: Iran confirms security chief Ali Larijani killed

Day 17:  Trump urges allies to secure Strait of Hormuz,

Day 16: Trump calls for allies on Strait of Hormuz security

Day 15: Trump threatens Iran’s oil infrastructure after US bombs Kharg