Oil prices fell after the United States suspended a series of airstrikes against Iran and Iran announced it would halt retaliatory attacks on shipping in the Gulf, easing immediate conflict risk. The pause followed 13 consecutive nights of U.S. strikes, the largest escalation since an April ceasefire, and occurred amid a broader regional confrontation that included Houthi attacks on Saudi vessels in the Bab al-Mandeb Strait. Iran's army spokesman Mohammad Akraminia said Iran had stopped its retaliatory operations. The United States had carried out strikes for 13 nights before no bombing was reported on Friday, Saturday or Sunday. Shipping continued through the Red Sea and Brent crude, which had risen above $100 a barrel the previous week, fell more than seven percent on Monday to below $90. Iran's foreign ministry spokesman Esmaeil Baqaei said discussions with Oman focused on operational mechanisms for safe shipping through the Strait of Hormuz while respecting the sovereign rights of both states. Pakistan was reported to be considering a resumption of peace talks with the United States, spurred by Chinese diplomatic efforts. Analysts noted that the de‑escalation eased concerns about inflation and potential interest rate hikes, supporting equity markets, though volatility in the technology sector persisted. Equity markets in Seoul, Hong Kong, Shanghai and other Asian exchanges rose, while Jakarta and Seoul recorded declines amid the resignation of Indonesia's central bank governor and heightened selling pressure on chip makers such as SK hynix and Samsung. Tokyo's Nikkei index rose, while shares of Advantest, Kioxia and Tokyo Electron fell. Hong Kong, Sydney, Shanghai, Wellington and Manila also posted gains. The durability of the reduced tensions and its effect on oil pricing remain uncertain as diplomatic talks continue.