As US-Iran talks remain ‘stalled’, experts warn of ‘long-term disruptions’
US-Iran negotiations remain stalled as the conflict enters its 60th day, leading to rising oil prices and inflation. The closure of the Strait of Hormuz by Iran has disrupted global oil exports, contributing to economic instability. Experts predict that the long-term effects of this conflict will continue to impact prices and economic growth worldwide.
- ▪The US and Israel launched their attack on Iran on February 28, leading to Iran's closure of the Strait of Hormuz.
- ▪Oil prices have surged, with WTI crude reaching $100.09 and Brent crude at $111.85.
- ▪The United Arab Emirates announced its departure from OPEC effective May 1, seeking to produce more oil amid the ongoing conflict.
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EDITOR'S ANALYSISEconomy|US-Israel war on IranAs US-Iran talks remain ‘stalled’, experts warn of ‘long-term disruptions’Apart from oil and gas, several other critical minerals and commodities also pass through the strait and its continued closure is pushing prices up across the world.ListenListen (6 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoThe Epaminondas ship is seen during seizure by the IRGC in the Strait of Hormuz in this image obtained by Reuters on Friday [West Asia News Agency via Reuters]By Megha BahreePublished On 28 Apr 202628 Apr 2026With the United States-Israeli war on Iran entering its 60th day, experts warn that there is no end in sight, as negotiations continue to be “stalled” amid soaring…
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