Live Updates: Risk of Iran war reigniting as Trump renews threats, Tehran says no plan to attend peace talks
Tensions between the US and Iran escalate as President Trump renews threats, while Tehran refuses to attend peace talks in Pakistan. The US-Iran ceasefire is set to expire, causing uncertainty over the Strait of Hormuz and pushing global oil prices up.
The US and Iran are at a standoff, with the ceasefire set to expire on Tuesday evening in the US. Iran has refused to attend peace talks in Pakistan, citing 'unreasonable and unrealistic demands' by the White House. The situation in the Strait of Hormuz has intensified, with US forces seizing an Iranian vessel over the weekend. Iran's President Masoud Pezeshkian has called for diplomatic efforts to reduce tensions, saying 'war benefits no one.' President Trump has renewed threats against Iran, disagreeing with his energy secretary's assessment that gas prices may not dip below $3 this year. The US Energy Information Administration expects gas and diesel prices to remain higher than previously projected into 2027.
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