US-Iran Conflict Escalates as Deadline for Peace Talks Expires
The US-Iran conflict has taken another turn as the deadline for peace talks expired without a clear path to end the war. Global oil prices continue to rise, and traffic through Middle East waterways remains muted due to tensions in the region. The Strait of Hormuz remains a key sticking point.
On Monday, the 60-day window for negotiations between the US and Iran closed, with President Trump stating there are no talks underway or scheduled with Tehran. He instructed his envoys to halt their conversations with Iran, according to a US official.
The Iranian parliament's speaker, Mohammad Bagher Ghalibaf, presented a list of demands that need to be met before the Strait of Hormuz reopens. These include lifting sanctions on Iranian oil and ending military threats against the country.
Trump responded by posting an image on social media showing the Strait of Hormuz labeled as 'New US Territory', further escalating tensions between the two nations.