US, Iran agree to ‘stand down for now,’ resume peace talks: Official

After recent skirmishes that raised tensions, the U.S. and Iran have decided to "stand down for now," allowing safe passage through the Strait of Hormuz, a critical global shipping route. This agreement comes as a relief to international trade, which depends heavily on this corridor. The decision paves the way for resuming peace talks, highlighting the importance of diplomatic efforts to prevent escalation and maintain global stability. This move suggests a cautious approach from both nations to de-escalate conflicts while continuing discussions on broader issues.