Trump pause on Iran tests deterrence as Hormuz tensions linger

TL;DR Summary
President Trump paused planned strikes on Iran, prompting debate over deterrence and potential withdrawal from the region, while Iran says the Strait of Hormuz will not revert to its pre-war status; oil markets react to the tensions with price fluctuations and warnings about global supply risks from industry leaders.
- Trump claims Iran deal to reopen Strait of Hormuz is 'imminent' Fox News
- For Iran, Trump’s Reversal on Escalation Shows Who Has the Upper Hand The New York Times
- Trump can declare Iran victory now and withdraw troops, former counterterror official argues Fox News
- Did Trump Finally Find an Offramp for the Iran War? WSJ
- Oil prices fall more than 5% as Middle East tensions ebb on diplomatic efforts CNBC
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