Iran has halted retaliatory attacks against U.S. allies in the Middle East, according to a statement from Iran. This came after Washington paused its strikes for two nights, likely due to concerns over dwindling munitions. Attacks by Iran-backed Houthis intensified on Thursday, leading to a surge in global oil prices. The Houthis struck two Saudi oil tankers in the Red Sea, marking a new front in the escalating US-Iran conflict. These developments follow ongoing tensions that have persisted for nearly five months.