Live Updates: U.S.-Iran war appears to pause as Trump gives space for talks to end Strait of Hormuz standoff - CBS News
Tensions between the U.S. and Iran have temporarily paused as diplomatic talks continue, though the U.S. maintains the threat of further strikes. Meanwhile, the conflict has caused significant disruptions and cost increases in global energy shipping markets.
Why it matters
The intersection of geopolitical conflict and energy supply chains poses a direct risk to global economic stability and fuel prices.
Israeli Defense Minister Israel Katz said Tuesday that American warplanes used Israeli bases during recent attacks on Iran, reiterating that his country was prepared to retaliate if targeted.
Fighting between the U.S. and Iran paused Friday after 13 nights of U.S. strikes on the country.
Israel has not taken part in the latest round of hostilities, which started in early July after a ceasefire agreed to in mid-June collapsed.
"The fact is that, at the moment - and this could change within an hour - the Iranians are firing at everything in the region except one country: the State of Israel," Katz told Israel's right-wing Channel 14, according to the AFP news agency.
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