U.S. and Iranian officials began high-level negotiations in Islamabad, Pakistan, on Saturday, April 11. The talks aim to salvage a fragile ceasefire and reopen the Strait of Hormuz. This channel is vital for global oil shipments and is currently effectively closed.
President Donald Trump expects clarity on the outcome within approximately 24 hours. He threatened to resume military strikes if negotiations fail. Trump also vowed to reopen the strait with or without Iranian cooperation.
The discussions follow a tense two-week ceasefire that failed to resolve the shipping blockade. Energy investors are monitoring the summit as the most significant event for global oil supply. The outcome could either restore supply or trigger a wider conflict.