Iran Peace Talks in Jeopardy

The diplomatic impasse follows the U.S. seizure of an Iranian vessel and reports of gunfire in the Strait of Hormuz, which Iran has labeled as acts of piracy.

President Donald Trump has warned that "lots of bombs start going off" if a permanent deal is not reached before the current ceasefire expires.

Pakistani officials are working frantically to mediate, but Iranian President Masoud Pezeshkian has emphasized that a "deep historical mistrust" of Washington remains a primary barrier.

Global energy markets have reacted with volatility as the vital oil corridor remains effectively closed.