Trump, Hormuz and Iran
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Iran, Trump and Ceasefire
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The U.S. and Iran are getting ready for talks Saturday in Islamabad, Pakistan, as their tenuous ceasefire held despite key sticking points.
The cease-fire between the United States, Israel and Iran is on shaky ground as Iran demands that two conditions be met before it can begin.
Negotiators from Iran and the U.S. prepared for high-level talks with their ceasefire still shaky Friday, as Israel and Hezbollah traded fire and Tehran maintained its stranglehold on the Strait of Hormuz.
Mohammad Bagher Qalibaf, the Speaker of Iran’s Parliament, said Friday there will be no negotiations with the U.S. without a ceasefire in Lebanon and a release of blocked Iranian assets. Qalibaf
"The ceasefire reduces the risk of a further rise in energy prices, which will ease inflation, reduce the impetus for rate hikes and lower the risk of recession if the ceasefire holds," Joseph Brusuelas, principal and chief economist at RSM, told ABC News in a statement.
Friday marks six months since Gaza’s ceasefire deal took effect, a milestone largely lost in the confusion over the new and even more fragile ceasefire in the Iran war. The ravaged Palestinian territory of 2 million people has seen the most intense fighting stop between Israeli forces and Hamas-led combatants.
Both countries seem tired of the costs of war and ongoing risks, but successful negotiations will have to overcome deep distrust by both sides.