bbc_business

Trump paused attacks on Iran to make space for talks, US ambassador says

📰 source: bbc_business · 💼 business

trump paused us strikes on iran for a second night to give diplomacy room, ambassador mike waltz said. iran halted retaliatory attacks in response. oil dropped to $91 a barrel monday after hitting $100 last week.

waltz said trump is keeping all options on table and denied reports the us is running low on air defense munitions. trump posted ai-generated images of bombing iranian ships. iran and oman held technical talks on management of the strait of hormuz. the strait dispute reignited tensions in july after a june ceasefire unraveled. the us resumed airstrikes after iran attacked tankers on july 13; iran retaliated, killing four american soldiers. us strikes have killed dozens, per iran's health ministry.

uk defence secretary wes streeting will meet his us counterpart to discuss securing maritime freedom in the strait. a cbs/yougov poll shows 57% of americans are frustrated with the conflict. trump is set to meet israeli prime minister benjamin netanyahu on tuesday.

why it matters: a pause in us-iran hostilities could ease oil supply fears, potentially lowering prices for consumers and easing geopolitical risk.

source: bbc_business
sentiment: +0.40 · impact: 0.80

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects