US says it has agreed to 'stand down' after exchange of strikes with Iran
The US says it has agreed to 'stand down' after an exchange of strikes with Iran over the weekend. During the strikes, the two sides accused each other of violating the ceasefire agreement.
The US says it has agreed to 'stand down' after an exchange of strikes with Iran over the weekend. According to officials, the step to de-escalate followed a series of strikes between the two sides.
During the strikes, the US and Iran accused each other of violating the ceasefire agreement. Each side held the other responsible in its own statements, and uncertainty remains over the future of the deal.
The development highlighted the risk of tensions in the region flaring up again. Diplomatic contacts were said to be continuing, and analysts said the durability of the ceasefire would depend on the steps taken in the coming days. Energy markets are continuing to watch developments around the Strait of Hormuz closely, given its importance to global oil shipments.
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