Iran-US Hostilities Pause as Trump Signals Openness to Diplomacy, Oil Prices Decline
Iran and the United States suspended military attacks on Sunday, offering temporary relief to Gulf shipping routes and global oil markets after days of heightened tensions. US President Donald Trump’s envoy said the pause has created an opportunity for diplomatic efforts while Washington considers its next steps.
Oil prices retreated after reaching a two-month high last week, as investors shifted their focus to Israeli Prime Minister Benjamin Netanyahu’s upcoming visit to Washington and the possibility of renewed military action. Meanwhile, Iran accused Ukraine of striking an Iranian commercial vessel, warning that the incident “will not go unanswered
