As US-Iran talks remain ‘stalled’, experts warn of ‘long-term disruptions’
US-Iran tensions have entered their 60th day with talks stalled, as Iran's closure of the Strait of Hormuz and a US-led blockade on Iranian oil shipments disrupt global energy and trade flows. Oil prices have surged, with Brent crude near $112 and US petrol prices averaging nearly $4.18 per gallon, fueling inflation and economic uncertainty. Experts warn of prolonged global economic impacts, including supply chain disruptions and reduced GDP growth, even if a truce is reached. The UAE’s decision to leave OPEC adds complexity, though its increased production is constrained by the ongoing strait closure.
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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]Published 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 oil prices and…
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