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New attacks on shipping as Iran war talks hit fresh impasse

The war shows no signs of ending despite repeated assertions from Trump of a deal being imminent.

New attacks on shipping as Iran war talks hit fresh impasse

The U.S. and Yemen's Iran-aligned Houthis announced separate attacks on shipping on Tuesday as the chances for bringing an end to the Iran war appeared to wane. Iran's top security official, Mohsen Rezaei, stated that the critical Strait of Hormuz shipping lane would stay shut unless the U.S. complies with Iran's demands, which include releasing Iran's frozen assets and ceasing conflicts in Lebanon and Gaza.

This comes amid the war's ongoing nature, despite U.S. President Donald Trump's assertions of an imminent deal. Oil prices rose and global equities fell, reflecting growing pessimism over a swift resolution to the conflict.

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