US-Iran peace talks collapse

After 21 hours of intense face-to-face discussions in Pakistan, the highest-level engagement between the two nations since 1979 has failed to produce a lasting ceasefire.

The Trump administration reportedly issued a 'final and best offer' that included demands for Iran to immediately reopen the Strait of Hormuz and renounce all nuclear weapon ambitions.

Iranian representatives rejected these terms, insisting on the recognition of their legitimate interests and refusing to relinquish uranium stockpiles before a final settlement.

The failure leaves a fragile two-week ceasefire in doubt and has sent immediate shockwaves through global energy markets.