Iran and Israel say they have halted strikes on each other for now
Iran and Israel said they had halted attacks on each other after an appeal from U.S. President Donald Trump, though Tehran warned it would resume hostilities if Israel continued to hit Hezbollah in Lebanon. The most direct confrontation between the two countries since April threatened to wreck Washington’s efforts to reach an agreement with Tehran to end their more than three-month-old war. Oil prices rose as much as 5% after the flurry of attacks, then fell when Iran’s milit
Iran and Israel have paused their recent exchange of direct military strikes following diplomatic intervention from U.S. President Donald Trump. The hostilities, which involved missile attacks on strategic industrial and defense sites, marked the most significant escalation between the two nations since April. While both governments have signaled a temporary cessation of fire, Tehran has explicitly stated that it reserves the right to resume operations if Israel persists in targeting Hezbollah forces in Lebanon. The brief surge in violence caused temporary volatility in global oil prices and currency markets. President Trump has publicly urged both sides to pursue an immediate ceasefire, warning Israeli leadership against continuing the conflict without U.S. support. Despite these calls for de-escalation, both Israeli and Iranian officials maintain a defiant stance, with military representatives suggesting readiness for a prolonged confrontation should diplomatic efforts fail.
This de-escalation is critical to preventing a wider regional war that threatens global economic stability and complicates ongoing U.S.-led peace negotiations.
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