US President Trump ordered a halt to new strikes on Iran on 1 Aug 2026, saying Middle East allies had reached the framework of a deal to end the 5-month war, which would reopen the Strait of Hormuz freely. Israel has not commented, and Iran says it remains alert to threats. The US State Department warned citizens in 10 Gulf and Middle East countries to prepare for flight cancellations and airspace closures. For Thai businesses, watch fuel and oil prices, shipping and freight costs, and air travel plans to the region. Nothing has been signed yet, so hold off on changing price or stock plans until a deal is confirmed.