US-Iran Peace Talks Near With Hormuz, Lebanon Top of Agenda

WATCH: Bloomberg’s David Ingles shares a live map of the Strait of Hormuz in order to gauge what markets would consider an indication the waterway is starting to open for ship traffic.Source: Bloomberg

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By Alisa Odenheimer, Omar Tamo, and Sherif Tarek

April 10, 2026 at 6:02 AM UTC

Updated on

April 10, 2026 at 4:08 PM UTC

The US and Iran prepared for direct talks in Pakistan with the Strait of Hormuz still effectively shut and Israel and Hezbollah exchanging fire, complicating efforts to turn a fragile truce into lasting peace.

The two-week ceasefire announced by President Donald Trump and Tehran was broadly holding across the Middle East on Friday. The exception was in Lebanon, where questions remain over whether Israel’s parallel campaign against Tehran-backed Hezbollah is part of the agreement.