India, July 1 -- US President Donald Trump has made clear he remains open to renewing military strikes against Iran as peace negotiations stall, a posture that has alarmed diplomats and unsettled markets only weeks after Washington and Tehran signed a preliminary memorandum of understanding that both sides hailed as a breakthrough.

A Deal That Keeps Slipping Out of Reach

The trajectory of the Iran talks has been defined by a pattern of dramatic announcements followed by equally dramatic reversals. On June 11, Trump wrote on Truth Social that he had cancelled scheduled strikes after discussions with Iranian leadership were elevated to the highest level and approved, adding that the naval blockade would remain in full force and effect unt...