US and Iran may return to peace talks despite blockade

Negotiators from the U.S. and Iran may resume peace talks this week. The news follows a port blockade that helped push oil prices below $100 a barrel.

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Negotiating teams from the United States and Iran are expected to return to Pakistan this week to resume discussions aimed at ending the ongoing war. This potential return to the table follows the collapse of weekend negotiations in Islamabad, which led Washington to implement a maritime blockade on Iranian ports. Despite the heightened tensions and aggressive rhetoric from Tehran, the prospect of continued diplomatic engagement provided some relief to energy markets.

A commercial vessel navigates the waters of the Strait of Hormuz near Oman on April 12, 2026. REUTERS/File Photo
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