As the weekend approached, there was a strong hope for a peaceful resolution to the conflict between the United States, Israel, and Iran. Nations appeared willing to engage in peace talks following the implementation of a ceasefire agreement. However, at the beginning of this week, the United States conducted a raid on an Iranian vessel attempting to breach the blockade in the Strait of Hormuz. This incident led to threats of piracy retaliation, making a peaceful resolution seem less likely.
Despite this raid, it seems the involved nations are still keen on proceeding with the planned peace talks, which are to be mediated by Pakistan. Reuters reported that an Iranian delegation is en route to Pakistan today, and the United States is confident that talks will also progress with their participation, scheduled for tomorrow, April 22nd.
In light of this positive development, oil prices have fallen again, and stock markets have stabilized. The global economy is holding its breath in anticipation of the conflict’s end and the reopening of the Strait of Hormuz to facilitate global trade.
It has also been indicated that Vice President JD Vance will be present at the peace talks. Should an agreement be reached, President Donald Trump may appear in person or virtually to represent the United States.