US-Iran peace negotiations in Islamabad ended without agreement after 21+ hours, with VP JD Vance stating Iran rejected America’s “best, final offer” on nuclear curbs and Strait of Hormuz reopening.
Iranian media countered that the US sought excuses to exit, insisting diplomacy requires respect for Tehran’s rights amid the fragile two-week truce now at risk; no resumption scheduled as of Sunday morning.
Economic Fallout
Hormuz blockade—disrupting 20% of global oil—pushed Brent crude above $120/bbl earlier, nearing 2008 peaks, though US destroyer transits eased fears slightly; India feels impacts via elevated petrol/diesel and LPG costs.
Regional Ripple Effects
Limited progress on Lebanon strikes and frozen assets; Trump eyes military options if Hormuz stays choked, with UAE/Qatar securing India’s energy amid Jaishankar’s Gulf diplomacy.
