Live updates: US-Iran war news; Trump calls off strikes subject to deal being ‘rapidly’ reached - CNN

Core Impact Points

• US President Trump has called off strikes on Iran, pending a 'rapidly' reached deal.
• The decision comes after a series of escalating tensions between the two nations, including a US drone being shot down and Iranian missile strikes on US bases.
• The move is expected to have significant implications for the US market and economy, with potential impacts on oil prices and global trade.
• Trump's decision to hold off on further military action has been met with relief from some quarters, but others have expressed concerns about the long-term consequences of the US-Iran conflict.
• The situation remains fluid, with ongoing diplomatic efforts to reach a deal and prevent further escalation.
• The US-Iran conflict has significant implications for the global economy, with potential impacts on oil prices, trade, and investment.