A fragile pause in the military conflict between the United States and Iran is holding for a second consecutive day following nearly two weeks of intense exchanges. Official reports indicate both Washington and Tehran have temporarily halted major attacks to create space for potential diplomacy.
Mediators, including Oman, are currently working to revive ceasefire negotiations focusing on Iran’s nuclear program and maritime security in the Strait of Hormuz. Consequently, global crude oil prices have fallen sharply as traders adjust to a lowered risk of immediate supply disruptions, though commercial shipping traffic remains below normal levels.
