Middle East Tensions Disrupt Global Shipping; Israel and Iran Reportedly Pause Strikes

Geopolitical tensions in the Middle East, including Houthi attacks in the Red Sea, continue to disrupt global shipping routes, leading to increased costs and delays. Separately, Israel and Iran have reportedly paused strikes after an exchange of fire, following an April ceasefire. This situation highlights persistent regional instability impacting global commerce, alongside diplomatic efforts by Arab nations for a Gaza postwar plan.