Despite yesterday’s indefinite postponement and Iran closing the Strait of Hormuz over deadly strikes in Lebanon (American forces in the region dispute this claim saying ship traffic continues to flow), diplomatic delegations scrambled to reach Lucerne to begin formal talks. Trump publically admits that the US is is four-weeks away from an even more debilitating oil shock.
The US team consisting of the same ineffectual members, Vance, Witkoff and Kushner, dispatched in a succession of negotiations that quickly spiralled into war is in attendance. Israel announced it refuses to withdraw from its security zone south of Beirut, neither side directly represented in the talks. Discussions are expected to carry on for days with side sessions addressing maritime security, but the main focus is on the sticking points of deescalation and Iran’s nuclear programme—the proposal presently being to not allow inspectors and to dilute the existing stockpile to well below weapon-grade.