Trump says Iran desperate for a ceasefire deal; Iran says there are no talks
The US and Iran have issued contradictory statements on whether they are engaged in negotiations to end the conflict. The war has triggered the worst energy shock in history and is drawing warnings of a wider regional catastrophe.
The US and Iran are engaged in a conflict that has been ongoing for nearly four weeks. The US has struck over 10,000 targets in Iran, destroying 92% of its largest naval vessels. Iran has continued to strike back, with missiles launched towards Israel. The conflict has caused a significant economic fallout, with the Strait of Hormuz effectively closed. This has led to rising costs and disrupted supply chains for airlines, supermarkets, and car dealers. The World Food Programme has warned that tens of millions more people could face acute hunger if the war continues.
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