US-Iran Fighting Halts as Negotiations Resume; Houthis Escalate Red Sea Attacks on Saudi Oil Facilities

According to Chuangyuan Futures report on July 27, the US did not launch strikes against Iran for two consecutive nights, and Iran has halted retaliatory attacks. Iranian officials stated that Iran will continue ceasefire if the US maintains its current stance. Both nations have responded positively to mediation proposals from Pakistan and Qatar to resume negotiations, reported by Arab satellite broadcaster and Saudi media outlets.

Meanwhile, Houthi militants escalated attacks on the second front in the Red Sea, targeting Saudi Aramco facilities in Jizan and Yanbu. The group claimed to have attacked three Saudi oil tankers within 48 hours.