Oil prices slide as U.S. and Iran pause strikes to give ‘space’ for diplomacy
Ambassador to the United Nations Mike Waltz told NBC News’ “Meet the Press” on Sunday that the decision to halt strikes came in response to ongoing talks between the two sides. “What the president is doing right now, as we’ve seen all along, is giving some talks some space,” he said, adding that talks were “ongoing,” but that there was “internal fighting” on the Iranian side. Shipping traffic through both Hormuz and the Bab el-Mandeb chokepoint was extremely limited over the weekend.Traffic through Bab el-Mandeb appeared to fall on Sunday after the Houthis attacked Saudi oil installations along the Red Sea coast, according to shipping data from Kpler shared with news agency Reuters.
- ▪Ambassador to the United Nations Mike Waltz told NBC News’ “Meet the Press” on Sunday that the decision to halt strikes came in response to ongoing talks between the two sides.
- ▪“What the president is doing right now, as we’ve seen all along, is giving some talks some space,” he said, adding that talks were “ongoing,” but that there was “internal fighting” on the Iranian side.
- ▪Shipping traffic through both Hormuz and the Bab el-Mandeb chokepoint was extremely limited over the weekend.Traffic through Bab el-Mandeb appeared to fall on Sunday after the Houthis attacked Saudi oil installations along the Red Sea coast
3 outlets in our directory ran this story, first to last over 16 hours. Coverage spans 2 points on the political spectrum — 1 lean left, 1 centre.
- ▪ Iran halts retaliatory strikes as US gives diplomacy 'more room' — RFI English
- ▪ Waltz says pause in strikes against Iran is "giving diplomacy some space" — CBS News — Top
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| Publication time | Mon, 27 Jul 2026 09:52:19 GMT |
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Opening excerpt (first ~120 words) tap to expand
Iran warOil prices slide as U.S. and Iran pause strikes to give ‘space’ for diplomacyInternational benchmark Brent crude oil sank to below $90 a barrel Monday morning after the two sides halted fire over the weekend.Listen to this article with a free profile00:0000:00Add NBC News to GoogleNew diplomatic push to end war with Iran01:25Get more newsLiveonShareAdd NBC News to GoogleJuly 27, 2026, 5:52 AM EDTBy Chantal Da SilvaOil prices tumbled on Monday as the United States and Iran paused their escalating strikes to make “space” for diplomacy.
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