Talks between Iran and the United States on ending the war have stalled, with soaring global energy prices exacerbating the economic impact. The European Union is losing nearly 500 million euros per day due to the Israel-Iran conflict and the Strait of Hormuz blockade, raising concerns about rising fuel prices and a potential jet fuel shortage. U.S. President Trump criticized Iran's nuclear negotiations, urging an immediate resumption of talks.
The UN Secretary-General urged the reopening of the Strait of Hormuz, emphasizing the economic and humanitarian importance of unimpeded maritime passage. Iran's new proposal failed to produce a breakthrough with the US, but efforts are underway through cooperation with Russia to de-escalate regional tensions. The International Maritime Organization highlighted the negative impact of the geopolitical conflict in the Strait of Hormuz on seafarers and global energy and food security.