India, July 9 -- The fragile US -Iran peace process that followed the Memorandum of Understanding at Burgenstock and Lucerne has collapsed following July 8, 2026, Iranian strike on three commercial vessels in the Strait of Hormuz, including a Qatari LNG tanker and a Saudi crude oil super tanker. The United States retaliation with overwhelming force, hitting more than 80 Iranian military targets underscored the poor trust, broken commitments, competing threat perceptions and strategic irreconcilability of the stakeholders that has defined the peace process right from the beginning. President Trump declared at the NATO summit in Ankara that the ceasefire had "finished". He described the MoU as "a waste of time" and labelled Iranian leaders ...