AFBytes Quarter Rundown — Sunday, July 26, 1:00 PM ET

Folks. Here are the top stories from the last 24 hours. According to Iran, an oil tanker struck a sea mine in the Strait of Hormuz. This incident could disrupt global oil supplies and raise energy costs for American drivers and households. The situation tests U.S. ability to deter threats to critical energy chokepoints and maintain alliance credibility in the Gulf. That's the latest from the Strait of Hormuz. Both the United States and Iran refrained from attacks for a second consecutive day. The mutual pause follows two weeks of exchanges that had escalated regional tensions. A sustained pause reduces immediate risk of wider conflict that could disrupt oil supplies and raise energy prices for American households and drivers. That's the latest on the pause in U.S. and Iranian attacks. The Trump administration applied tariffs to more than 60 countries under a statute tied to forced-labor enforcement. This move bypasses traditional legislative channels for trade policy and has drawn scrutiny over executive power. Higher import taxes can raise consumer prices on everyday goods, affecting household budgets through increased costs for clothing, electronics, and vehicles. Retaliatory measures from trading partners may also pressure U.S. export sectors and farm incomes. That's the latest on Trump's tariffs. Iran declared an end to retaliatory strikes against U.S. allies after Washington held fire for two consecutive nights. A pause reduces the immediate risk of wider conflict that could spike oil prices and affect U.S. military deployments in the region. That's the latest on Iran's announcement of a ceasefire. The United States and Iran have observed a weekend pause in strikes following nearly two weeks of exchanges. Houthi forces aligned with Iran have increased friction in the Red Sea region. The pause affects U.S. military resource allocation and energy security through Red Sea shipping lanes. Disruptions could raise fuel costs for American drivers and businesses. That's the latest on the ongoing pause in strikes between the U.S. and Iran. That's the day from where we sit — thanks for spending part of it with us. Stay with us at AFBytes for what's next.