Trump welcomes Iranian announcement

Washington has reportedly sought a 20-year suspension of Iran's uranium enrichment program while Tehran has proposed suspending nuclear activity for five years -- an offer US officials rejected.

Bangladesh will need an additional $2.61 billion in foreign exchange to pay the surging energy and fertiliser import bills for March-June period.

Prolonged war could force subsidy rethink, says Zahed Ur Rahman

Officials from Pakistan, Iran and the Gulf also said negotiating teams from the US and Iran could return to Pakistan later this week

Strait traffic remains far below pre-war levels, industry sources report

Iran slammed a US blockade around its ports on Monday as a "grave violation" of its sovereignty, as Washington and Tehran's belligerent rhetoric rattled a fragile truce.

US President Donald Trump warned Monday that any Iranian attack boats that approach the American naval blockade around Iran's ports would be destroyed, despite international calls for a ceasefire to be respected and negotiations to resume

Here are details on the planned blockade and its implications for oil markets.

Both the Iranian and American delegations departed Pakistan without a deal

President Donald Trump said yesterday the US Navy would immediately start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran mediated by Pakistan failed to reach a deal to end the war, jeopardising a fragile two-week ceasefire.

Any Iranian firing at American vessels will be 'blown to hell', he says

Iran's foreign ministry said no one had held any expectation that talks with the United States could have reached an agreement within one session after the negotiations in Islamabad stalled on Sunday.

The US and Iranian delegations have left Islamabad to return home, Pakistani sources told Reuters.

The face-to-face talks between the American and Iranian delegations in Pakistan continued till early today, the most significant engagement since the 1979 Islamic revolution, to end a war that plunged the Middle East into violence and rocked the world economy.

A US official on Saturday denied reports that Washington has agreed to unfreeze Iranian assets.

Here are the key issues the two sides are expected to discuss

The $6 billion, originally frozen in 2018, had been due for release in 2023 as part of a US-Iranian prisoner swap but the funds were again frozen by the administration of President Joe Biden

Repeated breakdowns of diplomacy and failed accords

Tehran denies Trump claims