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Pakistani Prime Minister Shehbaz Sharif is embarking on a diplomatic mission to Saudi Arabia and Turkey this week, as his efforts to facilitate a second round of peace talks between the United States and Iran appear to be gaining traction.Sharif's bid to moderate talks comes during a fragile two-week ceasefire that has halted US and Israeli strikes on Iran. President Asif Ali Zardari has urged Sharif and other officials to remain engaged with the US, Iran, and other key powers to sustain the peace process.Reports of backchannel negotiations to arrange new peace talks surfaced on Monday, followed by comments from US President Donald Trump and the United Nations on Tuesday, suggesting there is support for Sharif's push. Trump indicated that talks could resume in Pakistan over the next two days, praising Pakistan's army chief Asim Munir as 'doing a great job.'The Associated Press reported on Tuesday that a diplomat from one of the mediating countries said Tehran and Washington had agreed to more talks, although the location, timing, and composition of the delegations had not been decided. Islamabad and Geneva are being considered as potential host cities.UN Secretary-General Antonio Guterres, who met with the deputy prime minister of Pakistan on Tuesday, said it was 'highly probable' that ceasefire talks would restart. He emphasized the need for continued negotiations and a persistent ceasefire.Any return to the negotiating table would likely test the diplomatic skills of Sharif and other mediators. During the fragile two-week ceasefire, the US military has mounted a naval blockade of Iran's ports and coastal areas in response to Iran's throttling of the Strait of Hormuz, which has caused global oil prices to skyrocket.

High-level talks between the United States and Iran ended without an agreement in Islamabad, Pakistan, on Sunday. The breakdown leaves a fragile two-week ceasefire as the only barrier between diplomacy and a return to war. Pakistan, which played a key role in bringing both sides to the negotiating table, remains committed to facilitating further dialogue.The talks, the highest-level direct engagement between Washington and Tehran since the 1979 Islamic Revolution, stalled over differences surrounding Iran's nuclear program. The US insisted on a commitment from Iran that it would not seek a nuclear weapon, while Iran's Foreign Minister, Abbas Araghchi, accused the US of 'maximalism' and shifting demands.Despite the setback, Pakistan's Deputy Prime Minister and Foreign Minister, Ishaq Dar, emphasized that Pakistan will continue to play a role in facilitating engagements and dialogue between the two nations. Iranian officials, including Parliament Speaker Mohammad Bagher Ghalibaf, also expressed optimism about the potential for future talks.The immediate threat to the ceasefire comes from the evolving situation in the Strait of Hormuz and Lebanon. Iran has warned that continued Israeli strikes on Lebanon could render negotiations meaningless, while the US has announced a blockade in the Strait of Hormuz, which Iran controls and uses as a key negotiating lever.Analysts say Pakistan's role is crucial in preventing a prolonged conflict, but its economic fragility and limited leverage constrain its ability to impose outcomes. Pakistan's Prime Minister, Shehbaz Sharif, and Chief of Army Staff, Field Marshal Asim Munir, have been praised by both Trump and Iranian officials for their efforts to secure the ceasefire and host the talks in Islamabad.

Bahrain's Ministry of Foreign Affairs has strongly condemned the 'continued malicious drone attacks' launched from Iraq towards Bahrain and several Gulf Cooperation Council countries. The summoning of the Iraqi envoy follows similar action by Saudi Arabia, signalling growing regional concern over pro-Iranian groups based in Iraq. The diplomatic move complicates Baghdad's efforts to rebuild ties with its Arab neighbours. Bahrain's Ministry of Foreign Affairs delivered an official protest note to the Iraqi charge d'affaires, Ahmed Ismail al-Karawi, calling on Baghdad to address 'these threats and attacks urgently and responsibly'. Iraq has become a staging ground for a secondary conflict during the US-Israel war on Iran, with drones and missiles launched by Iran-aligned armed groups repeatedly targeting Gulf states and Jordan. US interests in Iraq, particularly the embassy in Baghdad, have also been targeted. Despite a two-week Iran-US ceasefire, several Gulf nations reported missile and drone attacks on their territories just hours after the ceasefire was announced. Iran-aligned groups in Iraq had announced their commitment to the ceasefire and suspended their actions towards Gulf countries. The attacks are severely testing Iraq's painstakingly rebuilt ties with its Arab neighbours. Baghdad has categorically rejected the use of its territory to target Gulf states or Jordan, adding that it is taking necessary measures 'in accordance with the constitution and the law'.

The United States, led by President Donald Trump, has announced its intention to blockade the Strait of Hormuz, a vital chokepoint for global energy supplies, in a significant escalation of tensions with Iran. This move comes after talks between Washington and Tehran in Islamabad failed to yield an agreement.In a social media post, Trump stated that the US Navy would begin the process of blockading any and all ships attempting to enter or leave the Strait of Hormuz. The blockade, which commenced at 10am Washington, DC, time (14:00 GMT) on Monday, has sparked concerns about the status of the two-week ceasefire between the US and Iran announced last week.Analysts view Trump’s threat as a substantial escalation in the war on Iran. Chris Featherstone, a political scientist at the University of York, noted that Trump is using the blockade as a tool in negotiations with Iran, aiming to pressure the country to comply with US goals.The blockade could have far-reaching implications for global energy markets, as the Strait of Hormuz is a critical passage for 20 percent of the world’s oil and liquefied natural gas (LNG) supplies. Iran has allowed ships from certain countries to pass through the strait during the conflict, but a blockade could disrupt these supplies.Jason Chuah, professor of maritime law at City St George’s, University of London, described the US actions as “sanctions with warships doing the bidding of President Trump,” rather than a classic blockade. He raised concerns about the legality of such actions under international maritime law, noting that the US is not a party to the United Nations Convention on the Law of the Sea.The international community remains divided on the issue, with the United Kingdom stating it will not support the blockade and China urging calm. The blockade’s impact on Iranian mines in the strait and shipping operations remains uncertain, with potential consequences for global energy security and the economy.

The United States has imposed a naval blockade on Iranian ports, escalating tensions between the two countries. The blockade, announced by President Donald Trump, aims to restrict Iran's access to international trade and oil exports.Iran's Ministry of Foreign Affairs spokesperson, Esmaeil Baghaei, criticized the move, stating that it would only harm the international economy. "Can an illegal 'war of choice' be won through a 'revenge of choice' against the global economy?!" he posted on social media.Trump warned Iranian military ships against approaching the blockade zone, stating that they would be "immediately ELIMINATED" if they came close. The blockade, which came into effect on Monday, risks setting the stage for a major escalation that could fray a two-week ceasefire between the two countries.The United Kingdom Maritime Trade Operations (UKMTO) centre announced that the US blockade would apply "without distinction" to ships engaging with Iranian ports and oil terminals. The restrictions encompass the entirety of the Iranian coastline, including the ports and energy infrastructure.Iranian officials have accused the US of violating the truce by allowing Israel to continue to bomb and conduct a ground invasion in Lebanon. Pakistan, which mediated the ceasefire, had said all regional fronts – including Lebanon – were part of the deal.While Trump's move to blockade Iran's ports could hamper the already ailing Iranian economy, it is unlikely to loosen the Iranian grip on Hormuz or bring down energy prices. The average price of one gallon of petrol in the US is now more than $4.12, up from less than $3 before the war began.Iran has promised to defend its territorial waters, saying the naval siege amounts to "piracy". The Islamic Revolutionary Guard Corps (IRG) also warned that if fighting were to resume, Iran would introduce new capabilities to the battlefield.

Oil prices jumped back above $100 a barrel and global stocks fell after weekend talks between the US and Iran ended without an agreement and Donald Trump imposed a blockade of the Strait of Hormuz. The US president announced the blockade on Sunday, targeting Iranian vessels and ships that have paid a toll to Iran for passage through the strait, in an attempt to choke off the flow of Iranian oil.US Central Command said it would start at 10am ET (5.30pm in Iran and 3pm in the UK), blocking all Iranian Gulf ports and coastal areas, in effect seizing control of maritime traffic in the Strait of Hormuz. The news drove oil and gas prices sharply higher again, after the two-week ceasefire between the US and Iran announced on Wednesday prompted a sharp fall in energy prices, and crude ended the week below the psychological $100 a barrel threshold.Brent crude rose by nearly 7% to $101.74 a barrel on Monday morning, while US crude is up more than 8% to $104.69 a barrel. Gas prices also increased, with the British wholesale gas contract for May soaring by 11.7% to 122.5p a therm. Analysts at JPMorgan Chase said last week they expected oil prices to stay high in the second quarter, above $100 a barrel, before easing in the second half of the year.Most Asian stock markets fell on Monday, with Japan’s Nikkei down 0.7% and Hong Kong’s Hang Seng index losing 1%, while Chinese stocks rose slightly. Sentiment was helped by Beijing’s announcement of a 10-initiative strategy aimed at deepening ties with Taiwan. European stocks also fell, led by airlines including Lufthansa, Wizz Air, easyJet and British Airways parent IAG. The FTSE 100 index in London lost 0.4%, dropping 45 points to 10,555. Germany’s Dax fell 1%, Italy’s FTSE MiB slipped 0.7% and Spain’s Ibex was down 1.1%. With oil and gas prices rising sharply higher, energy companies such as BP and Shell are rallying.Priyanka Sachdeva, senior market analyst at the broker Phillip Nova, said: “In today’s environment, every barrel of risk added to oil markets carries an inflation price tag for the global economy.” She added: “The market reaction underscores a simple but powerful reality: Hormuz risk is not theoretical; it is structural, and it is real.”Interest rate expectations have shifted again; investors now see an 84% chance of two rate increases from the Bank of England this year to tackle rising inflation, up from 60% on Friday. Before the Iran war, the central bank was expected to cut rates. The price of gold fell 0.4% to $4,730.75 an ounce as the blockade fuelled inflation concerns, prompting traders to scale back expectations for Federal Reserve rate cuts this year.

Israel has firmly stated that it will not engage in discussions about a ceasefire with Hezbollah when it meets with Lebanese officials in Washington next week. This stance comes as Israeli attacks on Lebanon continue, intensifying diplomatic efforts to address the escalating conflict. Israeli Ambassador Yechiel Leiter confirmed that the talks will mark the beginning of formal negotiations with the Lebanese government, despite the absence of diplomatic relations between the two countries. However, Israel has ruled out any discussion involving Hezbollah, labeling the group a terrorist organization. The diplomatic push includes US involvement, with the American delegation, including US Vice President JD Vance, set to engage in talks with Iranian representatives in Islamabad. The US and Iran had agreed to a two-week pause in hostilities, but Israel has rejected the interpretation that this includes a ceasefire with Hezbollah. Iran has responded by keeping the Strait of Hormuz shut and stated it will not engage in negotiations without a ceasefire in Lebanon and the release of frozen Iranian assets. The conflict has resulted in close to 2,000 deaths in Lebanon in recent weeks, with over 350 killed on Wednesday alone. Next week's talks are likely to focus on demands directed at the Lebanese state, which has long struggled to contain Hezbollah. The situation remains volatile, with no sign of easing in the fighting.

US President Donald Trump has announced that the Strait of Hormuz will reopen 'fairly soon' with or without Iran's assistance, as the US and Iran prepare for peace talks in Pakistan. The strait, a critical maritime chokepoint, has been effectively blocked by Iran, disrupting approximately one-fifth of global oil and natural gas flows.Speaking to reporters, Trump said the US would 'open up the Gulf' and that other countries were ready to 'help out'. He emphasized that ensuring Iran does not possess nuclear weapons is the priority in any agreement, and the strait would open 'automatically' if a deal is reached.Despite a two-week ceasefire between the US and Iran, shipping in the strait remains at an effective standstill. Only two vessels passed through the strait on Friday, down from five the previous day. More than 600 vessels, including 325 tankers, are still stranded in the Gulf due to the blockage.US Vice President JD Vance and Iranian parliamentary speaker Mohammad Bagher Ghalibaf are set to lead negotiations in Islamabad aimed at securing a permanent end to the war. The US and Iran have offered conflicting messages on the agreed-upon terms for the negotiations, including the contents of a 10-point plan put forward by Tehran.

The US State Department has taken a significant step in its ongoing efforts to crack down on individuals with ties to the Iranian regime, revoking the green cards of three Iranian nationals. This move comes as part of a broader strategy to prevent foreign nationals with connections to anti-American terrorist regimes from residing in the United States. The individuals affected include Seyed Eissa Hashemi, whose mother was a key figure in the 1979 Iran hostage crisis, known as 'Screaming Mary' for her role as a leading propagandist for the violent Islamists. The State Department also revoked the green card statuses of Hashemi's wife and son. According to the department, Hashemi entered the US in 2014 on a visa and was granted lawful permanent resident status in 2016 through the diversity immigrant visa program, which the Trump administration has since ended. The arrests and green card terminations are part of a series of actions against those the State Department deems to have ties to the current or former government of Iran. This is particularly significant given the ongoing tensions between the US, Israel, and Iran, with Washington DC and Tehran recently reaching a two-week ceasefire agreement. The US has been waging war against Iran since late February, and these actions are seen as part of the US efforts to counter Iranian influence. Recent actions also include the arrest of Hamideh Soleimani Afshar, the niece of Qasem Soleimani, an Iranian military general assassinated by the US in 2020, and her daughter. The State Department has also revoked the green card status of Fatemeh Ardeshir-Larijani, the daughter of former Iranian national security council secretary Ali Larijani, and her husband. The situation remains complex, with US Vice-President JD Vance dispatched to Islamabad to broker peace talks, though Iranian leadership has stated they will not participate until Israel agrees to stop bombing Lebanon. The international community remains watchful as diplomatic efforts continue to navigate the intricate landscape of US-Iran relations.