Pakistan, April 25 -- The possibility of renewed talks comes against the backdrop of a war that has upended the global economy.

The ensuing US-Iran ceasefire, brokered by Pakistan and announced on April 8, has provided only a tenuous reprieve; shipping traffic through the Strait has slowed to a trickle, and roughly 13 million barrels per day of oil and 300 million cubic metres per day of LNG remain trapped inside the Gulf.

President Trump's suggestion that talks could resume "within days" in Islamabad, conveyed in a text message to a New York Post reporter, raised hopes of a breakthrough. He also extended the two?week cease?fire while declaring that US forces will continue a naval blockade of Iranian ports until Tehran submits a proposa...