US-Iran ceasefire negotiations collapsed Saturday after Iran's foreign minister left Pakistan, where the talks were being held, and President Trump said he had instructed US envoys not to attend. The breakdown marks the failure of what appeared to be a mediated round of diplomacy, with Pakistan serving as the venue for indirect or direct engagement between the two sides. The collapse comes amid ongoing tensions over Iran's nuclear program and US sanctions pressure. Pakistan's role as a neutral host suggested both sides had agreed at some point to engage, making the sudden exit and Trump's public statement a notable reversal. Trump's decision to pull envoys signals a deliberate US choice to walk away rather than a procedural delay, hardening the immediate outlook for any near-term agreement. Markets tracking Middle East risk and oil supply will likely read the breakdown as a further signal of sustained regional uncertainty. No new talks have been announced. The next indicator to watch is whether either side signals willingness to return to the table or shifts to a more confrontational posture.
Iranian armed forces attacked a cargo ship in the Strait of Hormuz on Thursday, briefly halting traffic through the waterway. The strike threatens a fragile US-Iran arrangement and could push shipping insurance costs and oil prices higher.
The US has struck Iran, with President Trump citing an Iranian attack on a ship in the Strait of Hormuz as justification. The action raises immediate risks for global oil flows through one of the world's most critical shipping chokepoints.
The US struck ten Iranian targets on the second consecutive day of military action, putting a fragile ceasefire under serious pressure. The escalation raises immediate risks for Gulf shipping, global oil supply, and regional stability.
Venezuela's twin earthquakes, magnitudes 7.2 and 7.5, have killed at least 164 people and injured 971, interim president Delcy Rodriguez confirmed Thursday. The quakes are the country's strongest since 1900, collapsing buildings across Caracas and prompting a state of emergency, with the death toll expected to rise as
