The United States has temporarily halted its strikes on Iran after nearly two weeks of continuous bombardments. This decision follows the breakdown of an Islamabad-brokered ceasefire in the ongoing conflict involving the United States, Israel, and Iran, active since February 2026. Strikes had resumed earlier this month, targeting key Iranian military installations. Market pricing now estimates a 6.5% likelihood of a complete Iranian airspace closure by July 31, suggesting a temporary de-escalation in a volatile context.
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