arly on Monday, July 27, 2026, oil prices dropped on Asian markets as investors cautiously exhaled relief at the end of hostilities. As Donald Trump's UN envoy stated that the president was "giving talks some space," Iran and the US paused their fire on Sunday, June 25, 2026, giving Gulf shipping and the oil industry a break from missile strikes. Iran claimed to have stopped retaliation attacks against Washington's Middle Eastern allies, while US ambassador to the UN Mike Waltz told Fox News on Sunday that Trump would give talks "a little bit of room" even though forces were still "locked and loaded." The U.S. military had been attacking Iran for 13 nights in a row before Friday, July 24, 2026, marking the biggest resumption of the nearly five-month-old conflict since a ceasefire in April. The nights of Friday and Saturday went by without a bombing. Iran's army spokesperson, Mohammad Akraminia, stated, "These attacks continued until two ni...
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