Summary

• President Trump increased pressure on Iran ahead of direct talks in Islamabad, warning that Tehran has little leverage beyond disrupting the Strait of Hormuz and threatening further US military action if negotiations fail.
• The Strait of Hormuz remains the main obstacle to a lasting deal, as its continued closure is disrupting global oil and gas supplies, pushing crude prices higher, and keeping financial markets on edge.
• Despite a fragile ceasefire, ongoing fighting between Israel and Hezbollah in Lebanon and Iran’s demands for a Lebanon ceasefire, release of blocked assets, and war reparations are complicating efforts to reach a broader peace agreement.

By Krzysztof Kamiński

President Donald Trump intensified pressure on Iran on Friday as the United States and Iran prepared for direct talks in Islamabad, Pakistan, aimed at turning a fragile two-week ceasefire into a more durable

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