• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

2

Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

3

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

1

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

2

Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

3

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
EnergyIran

The U.S. and Iran pause attacks on each other for a second straight day while Tehran continues talks with Oman over Hormuz

By
Samy Magdy
Samy Magdy
,
Cara Anna
Cara Anna
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Samy Magdy
Samy Magdy
,
Cara Anna
Cara Anna
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
July 26, 2026, 11:31 AM ET
Two men wade in the waters of the Strait of Hormuz with vessels anchored in the background, off Bandar Abbas, Iran, Sunday, July 12, 2026.
Two men wade in the waters of the Strait of Hormuz with vessels anchored in the background, off Bandar Abbas, Iran, Sunday, July 12, 2026. Razieh Poudat/ISNA via AP
Add Fortune on Google for similar content.

The United States paused its attacks on Iran for a second straight day Sunday and Tehran said it had done so too, as efforts continued to bring the countries back to negotiations on an interim ceasefire deal largely undermined by recent exchanges of fire.

Recommended Video

It was not clear why the U.S. has paused after targeting Iranian coastal areas and infrastructure in a nearly two-week escalation sparked by Iran’s firing at ships trying to transit the Strait of Hormuz. The Pentagon did not immediately respond to questions Sunday.

“President (Donald) Trump has always been consistent in saying he prefers a diplomatic solution, but he continues to retain all options if Iran continues terrorist activities in the Strait of Hormuz or against allies,” White House communications director Steven Cheung said, adding: “It would be wise for Iran to work toward a negotiated deal. Otherwise, they know what will happen.”

Since the U.S. has halted attacks for the past two nights, Iran has as well, its army spokesperson told Iran’s state TV on Sunday. Tehran in recent days has counterattacked against countries in the region hosting U.S. military forces, killing at least three at a base in Jordan.

A regional official calls the pause a ‘positive signal’

The 60-day period that began when the interim deal was signed by both countries in mid-June is now well into its second half, and major issues that were meant to be negotiated -– notably Iran’s nuclear program at the heart of tensions -– remain set aside as mediators try to keep both sides talking.

A regional official involved in mediation efforts said diplomacy was underway and that a pause in U.S. and Iranian strikes was a “positive signal that helps their efforts to de-escalate.”

The official said both countries want to return to the interim ceasefire deal and that a compromise being negotiated centers on having Iran run vessel transit through the Strait of Hormuz with fewer restrictions on ships. The official was not authorized to discuss the matter and spoke on condition of anonymity.

Concerns continued about shipping on the strait and now on another crucial waterway in the region, the Bab al-Mandeb strait to the Red Sea. Iranian-backed Houthi rebels in Yemen last week threatened a blockade of Saudi shipping there.

Global energy supplies and the economy remain in the balance as gasoline prices have risen again.

Iran on Sunday said it continued to speak with Oman about managing the safe passage of ships on the Strait of Hormuz, which passes between the countries. Iran’s Foreign Ministry spokesperson, Esmail Baghaei, said talks had made progress and continued.

Baghaei also said the strait’s status remained unchanged. Tehran has asserted that the interim deal with the U.S. allows it to manage shipping on the waterway for now, and it has objected to U.S. efforts to support a route through the strait that passes close to Oman instead.

The U.S. military on Saturday said its recently reimposed naval blockade against Iran continued, with a dozen commercial ships redirected, two disabled and two boarded. U.S. forces “remain highly vigilant, focused, lethal, and ready,” it added.

Netanyahu says he ‘fully’ backs Trump’s efforts

Meanwhile, Israeli Prime Minister Benjamin Netanyahu plans to travel to the United States and meet with Trump in Washington on Tuesday, his office has said. They last met in Washington in February, weeks before they launched the war on Iran that killed senior leaders including Supreme Leader Ayatollah Ali Khamenei.

The Iranian-backed Hezbollah fired at Israel two days after the war began, and Israel responded with airstrikes and ground forces in southern Lebanon. Since then, the U.S. has supported landmark direct talks between Lebanon and Israel to try to calm that front and find a way to disarm Hezbollah.

Netanyahu on Sunday told Fox News he “fully” backs Trump’s efforts to weaken Iran and press it to end its nuclear program, adding: “If he can do so without returning to intense military fighting, that’s fine. Why not?”

The prime minister indicated he would not present new information to “our good friend” Trump and instead would listen to “what he has in mind, because I think in many ways, it’s his decision.”

But Netanyahu warned that if Iran again attacks Israel, directly or with armed proxies, “it will make a terrible mistake.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Samy Magdy
See full bioRight Arrow Button Icon
By Cara Anna
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Energy

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Energy

The U.S. and Iran pause attacks on each other for a second straight day while Tehran continues talks with Oman over Hormuz
EnergyIran
The U.S. and Iran pause attacks on each other for a second straight day while Tehran continues talks with Oman over Hormuz
By Samy Magdy, Cara Anna and The Associated PressJuly 26, 2026
2 hours ago
Nuclear regulators want to eliminate a foundational safety principal that seeks to keep radiation exposure ‘as low as reasonably achievable’
EnergyNuclear Power
Nuclear regulators want to eliminate a foundational safety principal that seeks to keep radiation exposure ‘as low as reasonably achievable’
By Jennifer McDermott and The Associated PressJuly 26, 2026
3 hours ago
A deal is being negotiated that centers around having Iran run vessel transit through the Strait of Hormuz with fewer restrictions on ships
PoliticsIran
A deal is being negotiated that centers around having Iran run vessel transit through the Strait of Hormuz with fewer restrictions on ships
By Ben Finley, Samy Magdy, Darlene Superville and The Associated PressJuly 26, 2026
3 hours ago
‘My childhood home is being taken’: Eminent domain for data centers targets properties across a thousand miles of grid expansion in Georgia
EnergyData centers
‘My childhood home is being taken’: Eminent domain for data centers targets properties across a thousand miles of grid expansion in Georgia
By Joshua HongJuly 26, 2026
8 hours ago
One woman holds a "No data centers" sign while another points toward a white house.
EnvironmentData centers
Data centers were actually making electricity costs cheaper, but the $7 trillion buildout with no guaranteed AI demand is threatening the trend
By Sasha RogelbergJuly 26, 2026
10 hours ago
Let’s get ready to rumble: The next Fed meeting will be a ‘family feud’ — and that’s exactly what Chairman Kevin Warsh wants
EconomyFederal Reserve
Let’s get ready to rumble: The next Fed meeting will be a ‘family feud’ — and that’s exactly what Chairman Kevin Warsh wants
By Jason MaJuly 25, 2026
19 hours ago

Most Popular

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
1 day ago
Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal
Middle East
Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal
By Jason MaJuly 25, 2026
22 hours ago
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
Economy
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
By Eleanor PringleJuly 24, 2026
2 days ago
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
Success
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
By Orianna Rosa RoyleJuly 25, 2026
1 day ago
Startups are installing tiny data centers in people’s homes to reduce strain on the beleaguered electrical grid
Environment
Startups are installing tiny data centers in people’s homes to reduce strain on the beleaguered electrical grid
By Sasha RogelbergJuly 25, 2026
1 day ago
College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
Economy
College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
By Mia OsmonbekovJuly 26, 2026
7 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.