By Lakshya Govandi, APS Jaipur
Pakistan’s capital hosted a grueling 21-hour negotiation on April 12th between US and Iranian delegations, as the world watched anxiously. The conflict -marked by Iran’s closure of the Strait of Hormuz and US strikes killing senior Iranian leaders- has sent shockwaves through the global economy.
Talks ended in a stalemate, though Iran agreed to keep the Strait open to commercial traffic. A US naval blockade, however, remains in place and risks reigniting hostilities.
Washington is demanding permanent denuclearization, dismantling of enrichment facilities, and an end to proxy funding. Tehran wants full sanctions relief, frozen assets returned, and its right to enrich uranium recognized.Both sides are on a fragile pause. Round two of negotiations is expected soon- but the clock is ticking.