Iran Considers Pakistan Peace Talks with US
Analysis based on 49 articles · First reported Apr 20, 2026 · Last updated Apr 20, 2026
Oil prices have risen due to fears of the ceasefire collapsing and the ongoing blockade of the Strait of Hormuz, a critical shipping channel. The uncertainty surrounding the peace talks between Iran and the United States, coupled with military actions like the US seizure of an Iranian cargo ship, is creating volatility in energy markets and impacting global trade.
Iran is considering attending peace talks with the United States in Pakistan, despite earlier statements ruling out attendance. The two-week ceasefire, announced by US President Donald Trump, is set to expire, with key sticking points including Iran's enriched uranium stockpile and the status of the Strait of Hormuz. Iran's foreign ministry spokesman, Esmaeil Baqaei, accused the United States of not being serious about diplomacy, citing violations like a US attack on an Iranian cargo ship and the US naval blockade on Iranian ports. Pakistan is mediating the talks, with Field Marshal Asim Munir informing Donald Trump that the blockade is an obstacle. Donald Trump has maintained the blockade and issued threats against Iran, while China, a major buyer of Iranian crude, has expressed concern over the US actions and called for a diplomatic resolution. The situation has led to a virtual standstill in traffic through the Strait of Hormuz, impacting oil prices.
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