As the US vice-president, JD Vance, took to a podium in Pakistan after 21 hours of diplomacy and said no deal had been reached to end the war with Iran, his boss [Donald... (opens in new tab)

An American blockade in the strait of Hormuz raises energy-market dangers after failed negotiations – pushing a fragile ceasefire closer to collapseAs the US vice-president, JD Vance, took to a podium in Pakistan after 21 hours of diplomacy and said no deal had been reached to end the war with Iran, his boss Donald Trump was in Miami watching a mixed martial arts fight. The contrast was stark. Just when the outcome of a war and the stability of global markets hung in the balance, the presiden...