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US-Iran peace talks in Geneva called off, clouding prospects for lasting truce

  • Planned U.S.-Iran talks in Switzerland were called off after Vice President J.D. Vance dropped plans to travel, leaving the 60‑day truce in doubt.
  • The interim deal freezes fighting and frees significant Iranian assets/sanction relief for 60 days — a move that’s drawn domestic criticism in the U.S. and skepticism from Iran.
  • Israel, excluded from the talks, continues operations against Hezbollah in Lebanon, keeping regional tensions high and oil markets sensitive.
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