US-Iran Ceasefire Near Collapse As Trump-Xi Talks Fail To Break 75-Day Conflict Deadlock

Following the failure of Trump's China summit, the possibility of the US resuming large-scale military operations against Iran within days has increased. Israel is preparing for a potential resumption of hostilities, while Iran has expressed its willingness to retaliate. The disruption to shipping through the Strait of Hormuz has triggered the largest supply shock in the history of the global oil market.