diff --git a/changelog/7148.bugfix.rst b/changelog/7148.bugfix.rst
new file mode 100644
index 00000000000..71753334c51
--- /dev/null
+++ b/changelog/7148.bugfix.rst
@@ -0,0 +1 @@
+Fixed ``--log-cli`` potentially causing unrelated ``print`` output to be swallowed.
diff --git a/src/_pytest/capture.py b/src/_pytest/capture.py
index f538b67eceb..a20d14fe7e3 100644
--- a/src/_pytest/capture.py
+++ b/src/_pytest/capture.py
@@ -537,7 +537,7 @@ def suspend_capturing(self, in_: bool = False) -> None:
             self._in_suspended = True
 
     def resume_capturing(self) -> None:
-        self._state = "resumed"
+        self._state = "started"
         if self.out:
             self.out.resume()
         if self.err:
@@ -558,6 +558,10 @@ def stop_capturing(self) -> None:
         if self.in_:
             self.in_.done()
 
+    def is_started(self) -> bool:
+        """Whether actively capturing -- not suspended or stopped."""
+        return self._state == "started"
+
     def readouterr(self) -> CaptureResult:
         if self.out:
             out = self.out.snap()
@@ -697,11 +701,19 @@ def resume_fixture(self) -> None:
     @contextlib.contextmanager
     def global_and_fixture_disabled(self) -> Generator[None, None, None]:
         """Context manager to temporarily disable global and current fixture capturing."""
-        self.suspend()
+        do_fixture = self._capture_fixture and self._capture_fixture._is_started()
+        if do_fixture:
+            self.suspend_fixture()
+        do_global = self._global_capturing and self._global_capturing.is_started()
+        if do_global:
+            self.suspend_global_capture()
         try:
             yield
         finally:
-            self.resume()
+            if do_global:
+                self.resume_global_capture()
+            if do_fixture:
+                self.resume_fixture()
 
     @contextlib.contextmanager
     def item_capture(self, when: str, item: Item) -> Generator[None, None, None]:
@@ -810,6 +822,12 @@ def _resume(self) -> None:
         if self._capture is not None:
             self._capture.resume_capturing()
 
+    def _is_started(self) -> bool:
+        """Whether actively capturing -- not disabled or closed."""
+        if self._capture is not None:
+            return self._capture.is_started()
+        return False
+
     @contextlib.contextmanager
     def disabled(self) -> Generator[None, None, None]:
         """Temporarily disables capture while inside the 'with' block."""
diff --git a/testing/test_capture.py b/testing/test_capture.py
index bc89501c73b..678bc1863c1 100644
--- a/testing/test_capture.py
+++ b/testing/test_capture.py
@@ -16,6 +16,7 @@
 from _pytest.capture import CaptureManager
 from _pytest.capture import MultiCapture
 from _pytest.config import ExitCode
+from _pytest.pytester import Testdir
 
 # note: py.io capture tests where copied from
 # pylib 1.4.20.dev2 (rev 13d9af95547e)
@@ -633,6 +634,34 @@ def test_normal():
         else:
             result.stdout.no_fnmatch_line("*test_normal executed*")
 
+    def test_disabled_capture_fixture_twice(self, testdir: Testdir) -> None:
+        """Test that an inner disabled() exit doesn't undo an outer disabled().
+
+        Issue #7148.
+        """
+        testdir.makepyfile(
+            """
+            def test_disabled(capfd):
+                print('captured before')
+                with capfd.disabled():
+                    print('while capture is disabled 1')
+                    with capfd.disabled():
+                        print('while capture is disabled 2')
+                    print('while capture is disabled 1 after')
+                print('captured after')
+                assert capfd.readouterr() == ('captured before\\ncaptured after\\n', '')
+        """
+        )
+        result = testdir.runpytest_subprocess()
+        result.stdout.fnmatch_lines(
+            [
+                "*while capture is disabled 1",
+                "*while capture is disabled 2",
+                "*while capture is disabled 1 after",
+            ],
+            consecutive=True,
+        )
+
     @pytest.mark.parametrize("fixture", ["capsys", "capfd"])
     def test_fixture_use_by_other_fixtures(self, testdir, fixture):
         """