U.S.-Iran Islamabad Talks Collapse; Hormuz Blockade Looms

A 14-hour negotiation between Vice President JD Vance's delegation and Iran's Ghalib and Araghchi ended without agreement. Vance declared it the administration's 'final and best offer.' President Trump announced April 13 Strait of Hormuz closure, with Arleigh Burke-class destroyers USS Frank Peterson and USS Michael Murphy already entering the strait to begin mine-clearing operations. Crude markets braced for disruption.