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Things are supposed to get better with time. But that’s clearly not the case with US-Iran talks right now.
So, what’s happening: after nearly 21 hours of negotiations in Islamabad, the US and Iran have failed to reach a deal.
US Vice President JD Vance confirmed this, saying, “We have not reached an agreement.” According to him, the biggest hurdle was Iran’s refusal to back down from its nuclear ambitions.
Tensions are not stopping. Donald Trump has warned that the US could impose a 50% tariff on China if it provides military support to Iran.
In an interview with Fox News, Trump said the US could ‘take out Iran in one day,’ adding that it could target the country’s energy and power infrastructure, including key electricity plants.
Tensions on the ground are rising. Two US warships have moved through the Strait of Hormuz, while Iran continues to disrupt shipping in the region, a key route for global oil. The US Central Command said the ships were part of an operation to clear sea mines placed by Iran.
Meanwhile, US President Donald Trump has now announced a naval blockade of the strait, targeting vessels moving in and out.
The India impact: certain sectors will feel the heat. If crude oil spikes toward $100, companies like oil marketing firms, airlines, and paint makers could come under pressure. On the flip side, energy producers may benefit.
A sustained rise in oil prices could also push up inflation and weaken the rupee, adding more volatility to the markets in the near term.
FYI: this is an updating story…
