US, Iran Hold Strikes After 13 Days Of Escalation As Trump Leaves 'Little Bit Of Room' For Negotiations
US, Iran Hold Strikes After 13 Days Of Escalation As Trump Leaves 'Little Bit Of Room' For Negotiations Published By, Last Updated: July 27, 2026
US, Iran Hold Strikes After 13 Days Of Escalation As Trump Leaves 'Little Bit Of Room' For Negotiations Published By, Last Updated: July 27, 2026, 07:14 IST Trump pauses US strikes on Iran to allow diplomacy to progress as Tehran halts retaliation. Meanwhile, brent crude and WTI fall nearly 6% on hopes of de-escalation. Donald Trump has paused US strikes on Iran, giving diplomatic talks room to progress as global oil prices fall on hopes of de-escalation. (Photos: AFP) US-Iran War News: The United States and Iran have paused military strikes against each other for a second consecutive day, raising hopes of a diplomatic breakthrough and triggering a sharp decline in global oil prices. US Ambassador to the United Nations Mike Waltz said President Donald Trump was allowing negotiations with Tehran “a little bit of room" after diplomatic efforts intensified in recent days. Speaking to Fox News Sunday, Waltz said, “The President is giving talks some space. We remain locked and loaded, but he’s going to give negotiations a little bit of room." According to CNN, a US source said military operations are currently “on hold," while regional allies have not reported fresh Iranian attacks during the pause.
Iran also confirmed that it has suspended retaliatory operations following the halt in US strikes. ALSO READ | Is Morocco Naming A Highway After Donald Trump? US President Shares ‘Trump Highway’ Video Iranian army spokesperson Mohammad Akraminia said, “These attacks continued until two nights ago, but over the past two nights the Americans have stopped their attacks. Since our strategy has essentially been retaliatory, we have also halted our retaliatory operations." The pause comes after the US military carried out strikes on Iran for 13 consecutive nights before Friday, marking the most intense phase of fighting since the conflict escalated earlier this year. Oil Prices Tumble On Hopes Of De-escalation The temporary lull in fighting eased concerns over disruptions to global energy supplies, leading to a sharp fall in crude oil prices. International benchmark Brent crude dropped nearly 6 per cent in early Asian trading to around $91 per barrel, while US benchmark West Texas Intermediate (WTI) fell almost 6 per cent to about $84 per barrel.
The decline follows weeks of gains driven by fears that continued fighting could disrupt shipping through the Strait of Hormuz, one of the world’s most important oil transit routes. Analysts said the pause in hostilities has improved market sentiment, although investors remain cautious as negotiations continue. Trump Says Talks Are Progressing Donald Trump indicated that discussions with Iran were becoming more serious but stopped short of ruling out future military action. “We’re talking to them right now. I think they’re getting more and more serious," Trump told reporters on Friday. Meanwhile, Israeli Prime Minister Benjamin Netanyahu, who is expected to meet Trump at the White House this week, reiterated support for diplomatic efforts but insisted Iran’s nuclear programme must ultimately be dismantled. The pause in fighting has revived hopes of a negotiated solution, though both Washington and Tehran have maintained that military options remain available if talks fail. ALSO READ | Iran Rejects New Strait Of Hormuz Route, Sets 3 Conditions For Fresh Negotiations With US As Trump Halts Strikes News18 Newsletter Handpicked stories, in your inbox A newsletter with the best of our journalism submit About the Author Vani Mehrotra Vani Mehrotra is the Deputy News Editor at News18.com.
The BriefWire