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US, Iran pause strikes second day for ceasefire talks

By Globe and Mail World · Summarized & edited by · 2026-07-26
US, Iran pause strikes second day for ceasefire talks

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Why it matters: Both sides are acknowledging unsustainable costs — Iran has killed four U.S. service members in neighboring countries, experts question U.S. interceptor stockpiles, and Strait of Hormuz shipping has dropped to a three-week low. A deal under negotiation would let Iran manage vessel transit with fewer restrictions, potentially easing energy and shipping disruptions that have pushed gasoline prices higher.

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