A last-minute shift pulled the U.S., Israel and Iran back from a wider war, according to the Associated Press.
Leaders agreed to a two-week ceasefire just hours before a U.S. deadline for Iran, easing tensions across the region. Markets reacted quickly, with oil prices dropping after fears of disruption in the Strait of Hormuz.
But major questions remain. Disputes over Iran’s nuclear program, control of key shipping routes and ongoing fighting in Lebanon could test the fragile pause before it expires.
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