US-Iran peace talks in jeopardy

High-stakes diplomatic efforts to end the conflict between the United States and Iran are on the brink of collapse after a series of escalations in the Persian Gulf.

President Donald Trump announced the seizure of the Iranian vessel Touska, which allegedly attempted to breach the naval blockade of the Strait of Hormuz.

In response, Iranian officials have signaled they may skip the planned summit in Islamabad, citing a lack of American seriousness and continued ceasefire violations.

The global energy market remains volatile as the Wednesday deadline for the existing truce approaches without a clear path forward.