Talks between Iran and the United States aimed at ending the war have stalled, despite earlier claims by U.S. President Donald Trump that Iran had informed his administration of a "State of Collapse."
On his Truth Social platform, Trump criticized Iran’s approach to nuclear negotiations, stating that the country has failed to advance toward a deal.
"Iran can’t get their act together. They don’t know how to sign a nonnuclear deal. They better get smart soon!"
Meanwhile, Pakistan reported a significant increase in its weekly oil import bill, rising by approximately 167% due to soaring global energy prices. Prime Minister Shehbaz Sharif announced Wednesday that the weekly bill had jumped from $300 million before the Middle East conflict to $800 million.
In a related statement, European Commission President Ursula von der Leyen highlighted the economic impact of the U.S.-Israel war and Iran’s retaliatory actions, such as choking the Strait of Hormuz. These developments are costing the European Union nearly 500 million euros ($600 million) per day, driving up fuel prices and raising concerns about potential jet fuel shortages within weeks.
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