Business Standard

Israel, Iran pause strikes after fresh exchange of fire since April truce

Israel and Iran appeared to back away from further strikes Monday, hours after they traded fire for the first time since the US agreed to a ceasefire with Tehran two months ago. Both countries warned that they were ready to launch retaliatory attacks if provoked. The renewed hostilities raised concerns that the Middle East could be plunged back into a full-scale war. Since the US and Israel began striking Iran on February 28, the war has shaken the global economy, driven energy prices up around the world and made many basics, including food, more expensive. Officials have been unable to turn the April ceasefire into a deal to permanently end the conflict. The new attacks prompted US President Donald Trump to call for an immediate stop to fighting between Israel and Iran. Soon after, the Iranian military's joint command issued a statement that said it was halting offensive strikes. The statement said further "aggression and hostile acts" by Israel and its supporters, including in ..

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