US and Iran are preparing for high-level talks in Pakistan to stabilize a fragile ceasefire and discuss nuclear and Strait of Hormuz trade issues. Iran stated its participation hinges on a halt to Israeli attacks in Lebanon. The de facto closure of the Strait of Hormuz has caused oil prices to skyrocket, darkening the global economic outlook.
President Trump asked Israeli PM Netanyahu to scale back Lebanon strikes, but Israel launched large-scale attacks despite the ceasefire agreement. Iran condemned this as a violation and threatened strong responses, insisting Lebanon be included in regional peace. Tensions are rising, with shipping in the Strait of Hormuz slowing due to ceasefire uncertainty.