U.S. and Iran pause fighting to give peace talks 'space.' Here's where negotiations stand - CNBC
The U.S. and Iran have entered a temporary pause in hostilities to facilitate peace negotiations, though tensions remain high. President Trump has addressed concerns regarding military ammunition stockpiles while preparing to meet with Israeli Prime Minister Benjamin Netanyahu.
Why it matters
This development marks a critical juncture in Middle Eastern geopolitics and U.S. military readiness strategy.
A temporary break in hostilities between the U.S. and Iran appeared to hold on Monday, even as Tehran denied media reports that it had agreed to a 10-day ceasefire.
Oil prices nevertheless fell sharply on the development, sending stocks soaring at the market open, though they pared those gains as the day wore on.
The pause followed reports that diminished U.S. stockpiles of key munitions are factoring into military decision making. President Donald Trump , who on Friday told Axios he was considering a "massive attack" on Iran, later set those plans aside amid those stockpile concerns, The New York Times reported .
On Monday, Trump insisted the U.S. has "plenty" of ordnance.
"We have a lot of ammunition, different types," he told reporters on Air Force One while flying to Michigan.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in