Hostilities have eased between the US and Iran, but the two countries have so far failed to reach a more permanent peace deal, with US President Donald Trump reportedly rejecting Iran's latest counter-offer.

Iran has reportedly submitted a new proposal that defers discussion of its nuclear programme until the war ends and disputes over Gulf shipping are resolved.

The US and Iran ended direct talks in Pakistan without an agreement, putting a fragile ceasefire at risk and raising doubts over efforts to end a six-week war that has killed thousands and disrupted global energy supplies.

The United States and Iran ended peace talks on Sunday without reaching a deal to end the war, leaving a fragile two-week ceasefire in doubt as both sides blamed each other for the breakdown and

President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes targeting military, government and infrastructure sites. Following the announcement of a two-week ceasefire, initial U.S.-Iran talks in Pakistan in April failed to reach a peace deal.

The United States and Iran failed to reach an agreement after a day of highly anticipated face-to-face peace talks, Washington's lead negotiator Vice President J.D. Vance announced on Sunday.

Vice President JD Vance and White House officials departed Islamabad, Pakistan after failing to reach a peace agreement with Iran on Sunday.

Among the key measures, the government had announced a 50 per cent reduction in fuel allowance for official vehicles, with the exemption of operational vehicles such as ambulances and public buses

Iran has threatened that the US is making a “big mistake” following President Donald Trump’s rejection of the regime’s latest peace deal offer.

The EU is expected to price at least the 2055 tap off its own curve — something it did when issuing the new 20 year line last month. It began pricing new issues off its own curve instead of the swap curve when it opened a new €9bn 10 year in March.

DONALD Trump confirmed that US fighter jets shot out the rudder of an Iranian oil tanker – as he handed the reeling regime a one-week ultimatum to reach peace deal. The US president said he