U.S. and Iran Agree to Stand Down After Four Days of Strikes
The U.S. and Iran have agreed to a temporary stand down following four days of military strikes in the Strait of Hormuz, with both sides allowing vessels to move freely for now. The conflict primarily targeted Iranian military infrastructure without affecting energy facilities, which has limited oil price volatility as traders anticipate a managed standoff rather than an escalation into full-scale crisis.
Topics: diplomatic resolution oil markets Strait of Hormuz U.S.-Iran tensions