US-Iran Peace Talks Collapse: Global Markets Braced for Impact
Diplomatic efforts in Islamabad reached a standstill as peace negotiations between the United States and Iran officially collapsed. U.S. Vice President J.D. Vance confirmed the administration had delivered its “best and final offer,” emphasizing a zero-tolerance policy toward any Iranian nuclear program, including those for medical use.
Iran countered the stance, claiming the U.S. ignored their 10-point regional security plan and continued to shift demands. The breakdown has immediately reignited fears of a permanent blockade at the Strait of Hormuz, causing global oil prices to surge and placing regional military forces on high alert.
