Live updates: US-Iran war; Washington signals pause in strikes to leave room for talks

Airstrikes between the US and Iran have paused, but spillover risks across the region are intensifying. The Houthis have attacked a Saudi oil tanker in the Red Sea and threatened to block the Bab el-Mandeb Strait. Commercial traffic through the Strait of Hormuz plunged over the weekend to fewer than 10 vessels, down from more than 100 per day before the conflict. Saudi Arabia's Jizan refinery was also reportedly hit. Global crude benchmarks Brent and WTI fell more than 6% in a single session, underscoring growing disruption risks to key energy corridors. US equity index futures rose, but oil-supply risk is increasingly being priced as a structural interruption rather than a short-lived tactical ceasefire.