US Pauses Strikes on Iran to Facilitate Ceasefire Negotiations

The United States halted military strikes on Iran on July 24, 2026, following 13 nights of escalation, to allow space for ongoing diplomatic talks regarding the closed Strait of Hormuz.

Retaliatory attacks by Iran on US assets in Bahrain, Kuwait, and Jordan have ceased, contributing to a 4 percent drop in global oil prices after previous spikes exceeding 20 percent.

The Strait of Hormuz remains closed to international shipping, with Iran discussing shared management protocols with Oman while demanding an unconditional end to Israeli aggression in Lebanon as a condition for peace.