Commodities
US and Iran Hold Fire as Tensions Ease, but Military Action Looms
Tensions between Iran and the US have eased for a third consecutive day, despite ongoing military activity in the region.
The pause comes after 13 nights of renewed strikes by the US on Iranian targets sparked by a breakdown in diplomacy over Tehran's blockade of the Strait of Hormuz.
Saudi Arabia has reported intercepting drones fired by Iran-linked groups in Iraq targeting oil facilities, while Yemen's Houthi rebels claim to have launched drone attacks on Saudi oil infrastructure in response to incursions by Riyadh's drones.