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US pauses strikes as Iran says it will maintain ceasefire
The pause follows 13 days of strikes, and the ceasefire framing is tied to whether the US continues its halt.
Forexlive reports that the United States halted strikes in Iran after 13 days, and Iran said it will maintain a ceasefire as long as the US remains on pause.
The outlet notes there was no official US reason given for the pause, but reports point to concerns about repeating attacks and a potential shortage of interceptor supplies, as well as running out of targets to strike. It also cites a warning referenced from the Joint Chiefs chairman about munitions, including interceptors, facing negative effects from additional attacks.
Forexlive adds that an Iranian official cited by Reuters said that if US attacks stop, Iran will halt its operations, and that the message has been conveyed to the United States. Other reporting referenced by the outlet also points to Oman attempting to hold fresh talks aimed at finding a path related to Strait of Hormuz control.
The outlet says the developments have raised hopes for peace and could translate into a negative start for oil markets, with crude already having dipped on Friday. It also flags that the escalation involving Saudi Arabia and the Houthis remains notable, with the Houthis striking major oil infrastructure in Saudi Arabia.
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