The United States and Iran stated they will stop air and naval strikes for now. Both sides said that pause is meant to keep that situation from getting worse. US officials said the deal over that weekend.
A crude tanker was hit near the Strait of Hormuz, pushing oil prices higher. Iran says it will stay in charge of the strait as tension builds. Shipping firms still judge the waterway risky, even with the temporary halt. Diplomatic talks are anticipated to start again within a few days.