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The 60-day deadline agreed upon by Iran and the United States to reach a final agreement has expired, amid ongoing disagreements over lifting the naval blockade imposed on Iran and the passage of its ships through the Strait of Hormuz. Negotiations did not result in an extension or a new agreement after the period ended, as Tehran and Washington exchanged accusations of violating their understanding. The United States maintains a naval blockade on Iranian ports, while Iran demands the lifting of sanctions and the withdrawal of American forces from the region. This comes amid the strategic importance of the Strait of Hormuz, which accounts for about one-fifth of global energy supplies, prior to the recent escalation.
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