Temporary Calm in Iran Conflict Masks Risk of Broader Middle East War

Russia Says Fuel Crisis Is Easing as Refineries Restart RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established.
We provide what many… Tehran said it had halted retaliatory attacks against US allies in the Middle East as Washington refrained from attacking Iran for the second night in a row.
A top military official in Tehran, meanwhile, threatened to widen Iran’s attacks across the region, suggesting that Iran-allied Houthi rebels in Yemen could step up attacks on Red Sea shipping traffic.The overnight lull in attacks on July 26 came two days ahead of a key meeting scheduled in Washington between President Donald Trump and Israeli leader Benjamin Netanyahu.That July 28 visit falls exactly five months since US and Israeli forces launched a wide campaign of air strikes on Iranian targets.

Iran has pushed back, attacking US allies in the Middle East and essentially closing the Strait of Hormuz, the chokepoint waterway through which a massive amount of oil and gas normally passes en route to global markets.
In past weeks, Washington declared a partial cease-fire, though prior to July 24, there were nearly two weeks of consecutive US bombardments of Iranian targets.
The lull in US attacks was a result of a decision to let behind-the-scene peace talks take place, said Mike Waltz, US ambassador to the United Nations.
Trump "is keeping all options on the table," Waltz said in aninterview with NBC News.
"What the president is doing right now, as we've seen all along, is giving the talks some space.
They're happening at every level from the more technical aspect of it, all the way to the highest levels of course." But the lull has also been partly motivated by dwindling US stockpiles for interceptors to shoot down Iranian missiles, which has worried US military planners,according to The New York Times.
Vice President JD Vance and General Dan Caine, the chairman of the Joint Chiefs of Staff, both raised concerns about escalation at a White House meeting,CNN reported.
US administration officials insist that its forces remain well-equipped, though Waltz appeared to suggest that indeed some weapons stockpiles had been depleted, partly as a result of the US supplying weaponry to Ukraine in its fight against Russia.
He also laid blame on the administration of Trump's predecessor, Joe Biden.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |


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