President Donald Trump has paused military attacks on Iran for the second consecutive night to allow more time for diplomatic efforts, according to US ambassador to the UN, Mike Waltz. This decision comes after nearly two weeks of escalating US-Iran tensions, which saw daily strikes and retaliatory attacks that disrupted a ceasefire agreement from June. The pause in hostilities has led to a significant drop in oil prices, which opened at $91 per barrel on Monday, down from $100 last week. Despite the pause, Waltz emphasized that all options remain on the table for the US. Meanwhile, Iran and Oman have engaged in talks to manage the Strait of Hormuz, a critical oil transport route, which has been a focal point of the conflict. The US and Iran had previously agreed to halt military operations and reopen the strait, but recent attacks have reignited tensions. The conflict, now in its fifth month, remains unpopular and has significant implications for global energy supplies.
QUESTION: How might the ongoing tensions between the US and Iran over the Strait of Hormuz impact global energy markets and everyday life?
US and Iran pause strikes for third night to make space for talks, US ambassador says
