Iran Peace Talks Face Delay Amidst US Air Strikes in Hormuz

US President Donald Trump asserted that Iran seeks a deal, indicating it would benefit the US and allies. Tensions escalated with recent air strikes between the US and Iran, focusing on military targets near the Strait of Hormuz, which is critical for approximately 20% of global oil traffic. The US Central Command reported conducting 'self-defense strikes' on Iranian sites, while Iranian forces targeted a US air base in retaliation. Despite previously reported optimism for an agreement, ongoing hostilities suggest continued uncertainty in negotiating a resolution with Iran (IRGC).