Both sides remain dug in rhetorically, with U.S. President Donald Trump warning that “lots of bombs” will “start going off” if there’s no agreement before the ceasefire deadline, which he put as Wednesday, and Iran’s chief negotiator saying that Tehran has “new cards on the battlefield” that haven't yet been revealed.
The two-week ceasefire began on April 8, and seemed likely to be extended if talks resume as planned. White House officials have said that U.S. Vice President JD Vance would lead the American delegation, but Iran hasn't said who it might send, and Iranian state television on Tuesday broadcast a message saying that “no delegation from Iran has visited Islamabad... so far.”
Iranian state TV long has been controlled by hard-liners within Iran’s theocracy, and the on-screen alert likely reflects the ongoing internal debate within Iran’s theocracy as it weighs how to respond to the U.S. Navy’s seizure of an Iranian container ship over the weekend.
Strait of Hormuz control key to negotiations
The U.S. has instituted a blockade of Iranian ports to pressure Tehran into ending its stranglehold on the Strait of Hormuz, a key shipping lane through which 20% of the world’s natural gas and crude oil transits in peacetime.
Iran’s iron grip on the strait has sent oil prices soaring, and Brent crude, the international standard, was trading at close to $95 per barrel on Tuesday, up more than 30% from Feb. 28, the day that Israel and the U.S. attacked Iran to start the war.
Before the war began, the Strait of Hormuz had been fully open to international shipping, and Trump has demanded that vessels again be allowed to transit unimpeded through the waterway.
