Iran war is far from over as deadline for a deal passes
A 60-day deadline for a U.S.-Iran deal regarding the war and nuclear program has passed without resolution. Both nations remain at an impasse, with tensions rising over the Strait of Hormuz and potential economic impacts.
Why it matters
The failure to reach an accord threatens global oil prices and risks further escalation of a major geopolitical conflict.
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The deal that U.S. President Donald Trump signed at Versailles in June set an ambitious 60-day deadline for ending the war with Iran and reaching an accord on its nuclear program .
The deadline was Monday, and the two sides are further apart than they were then.
Talks, such as they are , have focused on reopening the Strait of Hormuz and lifting a U.S. blockade on Iran, both of which were supposed to have happened under the interim deal. There has been no sign of any compromise on the strait, or that detailed nuclear talks have even begun.
The U.S., meanwhile, has no good options for getting out of the war it started alongside Israel.
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