U.S. to unveil 'greatest financial offensive' against Iran as Tehran threatens ship seizures

The ceasefire talks escalated after both sides missed a 60-day window to reach an agreement, effectively closing off the formal truce mechanism to end the six-month war. This increases downside risk by prolonging hostilities and uncertainty around a negotiated settlement.

Analysis

The ceasefire talks escalated after both sides missed a 60-day window to reach an agreement, effectively closing off the formal truce mechanism to end the six-month war. This increases downside risk by prolonging hostilities and uncertainty around a negotiated settlement.