ROYAL NAVY TO LEAD COALITION EFFORTS TO REOPEN STRAIT OF HORMUZ - THE TIMES

US stocks rallied Monday after President Trump postponed threatened strikes on Iran's power plants, easing fears of Middle East escalation. The Dow Jones rose 1.38% (+631 points) to 46,208.53, the S&P 500 gained 1.15%, and the Nasdaq jumped 1.38%. Trump cited "very good and productive" talks with Tehran continuing this week. Oil prices fell sharply, with WTI crude down nearly 10% to around $89 a barrel and Brent dipping below $100 after premarket highs above $113. Markets responded positively to reduced geopolitical tensions.

The Israeli military needs several more weeks to achieve its objectives in Iran, officials say, though U.S. efforts to end the war may shorten this timeline. President Trump confirmed ongoing "productive" talks, while Iran denied direct negotiations. Pakistan, Egypt, Oman, and Turkey are mediating ceasefire talks. Israeli Prime Minister Netanyahu acknowledged Trump's efforts but did not confirm support.