Global markets react as US-Iran tensions disrupt energy flows

US-Iran talks stall amid mistrust, blockades, and rising tensions over nuclear and regional issues

Talks ended without an MoU signed, as the US 'expected'

Power, strategy and will shape outcomes in an unequal conflict

Escalation risks widen as Iran holds leverage over global oil routes

US seems desperate to clinch a deal as the cost of war has spiralled out of control

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Can Trump achieve his stated war objectives through air and intelligence operations alone

Iran may survive the onslaught by raising regional costs, stretching the war

Pakistan-Afghanistan tensions deepen as proxy warfare fuels escalation