Iran-US peace talks end without breakthrough

Photo — Tawseef Ahmad / Pexels

The talks are focused on a proposal that could reopen the Strait of Hormuz and end the US naval blockade of Iran. The diplomatic uncertainty comes as markets watch for renewed regional escalation, with reports that the United States has warned allies to expect a possible strike on Iran after the US midterm elections. Oil prices fell sharply on hopes for a settlement, but continued attacks and the absence of an agreement leave global energy and security risks elevated.[2][3][8]

Sources: Reuters