Current Affairs
U.S. and Iran Still Deadlocked on Key Issues Despite Signs of Diplomatic Progress
The U.S. and Iran remain deadlocked over Tehran's uranium stockpile and control of the Strait of Hormuz despite diplomatic progress signals. U.S. Secretary of State Marco Rubio noted "some good signs" in talks, while a senior Iranian source told Reuters that gaps have narrowed but no deal has been reached. The impasse has wreaked havoc on the global economy through high oil prices, with the International Energy Agency warning the market could enter the "red zone" in July and August.
