US halts strikes on Iran amid weapons concerns

The United States paused its bombing campaign against Iran after nearly two weeks, following reports of depleted air defense interceptors. The Strait of Hormuz remains closed despite a lull in tit-for-tat attacks. Iran has halted retaliatory strikes on US assets, and oil prices dropped 4% amid renewed diplomatic efforts. Tehran is discussing reopening the strait with Oman, but tensions persist with Houthi attacks in the Red Sea and a Ukrainian strike on an Iranian vessel.