Trump cancels Iran talks
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Trump said it’s not worth the U.S. delegation making the 18-hour flight to Pakistan when the U.S. holds all the cards in the conflict with Iran. Iranian Foreign Minister Abbas Araghchi has reportedly already left Islamabad, Pakistan, following talks with the country's prime minister.
A United States naval blockade on Iran is strangling the Islamic Republic’s main economic corridors – leaving Tehran facing a looming oil storage crisis and its citizens grappling with rising food prices and surging unemployment.
Trump canceled planned Iran talks in Pakistan, citing regime infighting, as experts say Tehran's good cop, bad cop negotiating tactic has collapsed.
Iran's Foreign Minister Abbas Araghchi is now in the capital Islamabad, but Iranian state media reports that talks with the US are not on the agenda.
U.S. bases and equipment across the Middle East came under attack — including from an Iranian F-5, despite American air defenses — and repairs could cost billions of dollars.
The U.S. is racing to reopen the Strait of Hormuz as Iran reportedly lays mines in the critical waterway, testing the Navy's shift to unmanned systems.
Last week, the International Monetary Fund (IMF) predicted the energy shock from the Iran war would hit the UK the hardest of the world's advanced economies, and cut its estimate for UK growth this year to 0.8% from its previous prediction of 1.3%.