Trump Says He Paused Attack on Iran at Gulf Leaders Request

The article reports a de-escalation in US-Iran tensions, with Trump pausing a military strike at the request of Gulf allies. This reduces near-term risk of a conflict that could disrupt oil and gas flows through the Strait of Hormuz, a critical chokepoint for global energy supply. The commercial mechanism is a reduction in geopolitical risk premium for crude oil and LNG prices, benefiting net importers and easing supply chain concerns. However, the outcome remains uncertain as negotiations continue and military options remain on the table. The impact is global but particularly affects energy markets and Gulf region stability.