WASHINGTON, D.C. — A temporary pause in fighting between the United States and Iran is emerging as a major breaking-news development, with Tehran signaling that it will stop its own attacks as long as Washington maintains its pause in bombing.

The development follows a period of intense military escalation in which U.S. strikes and Iranian attacks raised concerns about a broader regional conflict. The latest pause is now being closely watched by U.S. officials, allies and markets as governments assess whether the temporary halt can develop into a more durable arrangement.

Iran's position, reported by Reuters citing a senior Iranian official, is conditional on the United States continuing to refrain from attacks. That leaves the situation highly fluid, with the possibility of renewed hostilities still hanging over diplomatic efforts.

The pause is already affecting global markets. Oil prices fell more than 5% on Monday as traders responded to reduced immediate fears of disruption linked to the conflict and energy routes in the Middle East.

For Washington, the coming days could prove critical. A sustained halt could create space for negotiations and reduce pressure on regional allies, while a return to strikes could quickly revive concerns about energy supplies, shipping security and a wider military confrontation.

The situation remains fluid, and U.S. officials are expected to closely monitor Iranian actions as the administration weighs its next move.