Mideast in Wait-And-See Mode as Trump Hints He’ll Hold Off Strike

The direction of Israel’s war with Iran remains highly unpredictable as it enters a second week, with both sides continuing to trade fire. Iranian Foreign Minister Abbas Araghchi said his country won’t return to nuclear talks while Israel keeps up its assault, after the White House hinted it wanted to give diplomacy a chance and as European leaders prepared to meet him in Geneva to discuss de-escalation.

Markets went into a wait-and-see mode: Stocks rose and oil slumped. But worries grew among businesses operating in the region. American and European airlines began pausing flights to hubs including Doha and Dubai. And AP Moller-Maersk, the Danish container-shipping giant, said it will suspend stops to Haifa, Israel’s biggest port.