April 12, 2026

US-Iran talks collapse before dawn with no permanent cease-fire — and the clock is now ticking. After 21 hours of marathon meetings in Islamabad, Vice President JD Vance said Washington had put down its “final best offer” and Tehran had not taken it, leaving the two sides deadlocked on the Strait of Hormuz, nearly 900 pounds of highly enriched uranium, and Iran’s demand for about $27 billion in frozen funds. The truce remains fragile, the red lines are still murky, and the risk of a wider showdown just got harder to ignore.

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