Iran Says New Wave of Attacks on Israel Is Over

It appears that both Iran and Israel are standing down after a weekend of attacks and counterattacks that spilled into Monday. The fast-moving developments:

• Iran said Monday that it would stop striking Israel, though it warned it would carry out a "more severe" response if Israel doesn't cease attacks on Iran-backed Hezbollah in southern Lebanon, reports the Washington Post.
• Israeli media reports that Israel has agreed to halt its attacks on Iran and Lebanon but would resume the latter if Hezbollah strikes Israel, reports the BBC. A report in Israel's Channel 12 said the move came at the request of President Trump.

• The cessation in hostilities came after Trump demanded that both sides stop their attacks in a Monday morning post on Truth Social. In a subsequent post, he hailed the news. "Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE!" he wrote. "Final negotiations on 'Peace' are proceeding, subject to ignorance or stupidity getting in its way." Trump also spoke to Israel's Benjamin Netanyahu on Sunday night. The Wall Street Journal reports that a rift between the two over the volatile issue of Lebanon is widening.
• The price of oil, which had been on the rise amid the attacks, has eased back a bit, reports CNBC. Brent crude was down to about $94 a barrel after reaching more than $97 earlier Monday.