AFBytes Quarter Rundown — Sunday, August 2, 7:00 AM ET

Welcome to AFBytes. Here are today's top stories from the last 24 hours. RT World News reports that President Trump has canceled a planned military strike on Iran. The decision is linked to progress on reopening the Strait of Hormuz and ending related restrictions. This move could affect global oil prices, impacting household budgets and defense spending priorities. ABC AU reports that President Trump has decided to hold off on new strikes against Iran. Middle East allies are reportedly working on parameters for a deal to end the war. This could affect energy prices and US military commitments in the region. Deccan Chronicle reports that President Trump stated that Middle East allies are close to an Iran deal. Israel has agreed to join the US in stopping strikes to allow the agreement to be completed. This could reduce the risk of wider conflict and affect regional energy markets. ARY News reports that President Trump announced he will delay planned military action against Iran to allow time for a nuclear agreement. The pause follows requests from Iran and other nations for negotiations. This decision affects U.S. military commitments and potential energy price volatility in global oil markets. Ynet IL reports that President Trump announced on social media that the United States and Israel would refrain from strikes on Iran provided a nuclear agreement outline is implemented. This pause reduces near-term risk of energy market shocks and U.S. military expenditure spikes. 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.