US and Iran Fail to Reach Truce After 21 Hours of Talks in Islamabad
Key Takeaways
- Islamabad talks ended without a deal after 21 hours of negotiations.
- Vance said Tehran refused to accept Washington’s terms.
- United States announces naval blockade of Iranian ports.
Talks Collapse
The United States and Iran failed to reach a truce deal after 21 hours of marathon talks in Islamabad.
“The United States and Iran have failed to reach a truce deal after high-stakes talks in the Pakistani capital, with US Vice President JD Vance saying Tehran has refused to accept Washington’s terms after 21 hours of negotiations in Islamabad”
US Vice President JD Vance said Tehran have chosen not to accept our terms.
The talks marked the highest-level meeting between Washington and Tehran since the 1979 Islamic Revolution.
Key Disagreements
The main sticking points were the Strait of Hormuz and the nuclear issue.
Trump said Iran is doing a very bad job at allowing ships to pass through.
The US demands not just that Iran pledge it will not develop nuclear weapons, but also that it will not even try to access those tools.
Aftermath and Reactions
President Trump announced the US would begin blockading ships in the Strait of Hormuz.
Pakistan called on both sides to maintain the ceasefire.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf said the US was unable to gain the trust of the Iranian delegation.
Global Economic Impact
The failure of the US-Iran talks sent oil prices soaring again.
The Australian sharemarket fell 0.4 percent.
Oil futures had ended the previous week 30 percent above pre-war levels.
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