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Live updates: Trump administration signals that pause in Iran strikes will allow talks to progress - CNN
WorldBy August Phillips, Betsy Klein, Alison Main, Catherine Nicholls, Sarah Ferris, Manu Raju, Chris Lau, Xiaoqian Lin, Zachary Cohen, Jim Sciutto, Tim Lister, Mohammed Tawfeeq, Aida Karimi7/26/20261 min read
President Donald Trump is giving talks “some space” after diplomatic efforts ramped up recently, a top US official said in interviews this morning. Follow for live updates.
✨ Key Highlights
- President Trump is giving diplomacy with Iran "some space," according to the US ambassador to the UN, and a US source said military operations are "on a hold," with regional allies reporting no fresh Iranian attacks during the pause in airstrikes.
- Iran condemned a Ukrainian attack on an Iranian vessel in the Caspian Sea, with Foreign Minister Abbas Araghchi warning the incident "cannot go unanswered."
- The Pentagon quietly revised its casualty accounting, adding more than 140 wounded US service members and restoring the record of four soldiers killed the previous weekend.
- Oil prices fell over 5% Sunday, with Brent crude down about 5.7% to roughly $91.30 a barrel and US crude down about 5.4% to $84.43, amid slowed traffic through the Strait of Hormuz, which handles about 20% of global oil supply.
- US gas prices rose to an average of $4.11 per gallon this weekend, up about 11 cents from a week earlier and 38% higher since the war began in late February, while Nasdaq, Dow and S&P 500 futures all gained.
- The regional waterways remain volatile, with the Strait of Hormuz effectively closed, a US naval blockade on Iranian ports, the Bab al-Mandeb Strait blocked by Houthis, and Iran's new supreme leader reaffirming support for Hezbollah.
The Houthi rebels have long been backed by Iran and reviled by Saudi Arabia. A Shia group from the mountains of northern Yemen, they have controlled the capital Sanaa and much of Yemens Red Sea coast