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Iran peace talks hang in the balance, as oil prices climb

Asia / Iran0 views1 min
Iran peace talks hang in the balance, as oil prices climb

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US and Iran are set for a potential second round of talks in Pakistan, amid rising oil prices and tensions over a seized Iranian cargo ship. A two-week ceasefire between the US and Iran is expiring, with unclear plans for an extension.

The US and Iran are heading towards a potential second round of talks in Islamabad, Pakistan, with Vice President JD Vance expected to lead the US delegation. The talks come as oil prices rise sharply due to the Strait of Hormuz remaining closed. Iran has vowed to retaliate after the US Navy seized an Iranian cargo ship. A two-week ceasefire between the US and Iran is set to expire, with President Donald Trump unclear on whether he will extend it. Lebanon's president has stated that his country's peace talks with Israel should be separate from any negotiations with Iran. The situation remains fluid due to heated public rhetoric from both the US and Iran.

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