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Trump weighing limited strikes against Iran after peace talks collapse: WSJ

The Wall Street Journal said officials are weighing strikes and a blockade after talks failed, with oil prices jumping 7.05% on the news.

  • Following the collapse of peace talks in Pakistan, President Donald Trump is reportedly considering resuming "limited military strikes" against Iran to break the negotiating stalemate.
  • Vice President J.D. Vance, Jared Kushner, and Steve Witkoff left Islamabad, Pakistan, on Sunday without reaching a deal after Iranian leaders rejected an "affirmative commitment" to halt nuclear weapons development.
  • On Monday at 10 a.m. ET, U.S. Central Command forces will begin a "blockade of all maritime traffic entering and exiting Iranian ports," enforcing it impartially against vessels of all nations.
  • Officials noted a full-fledged bombing campaign remains less likely due to regional instability concerns, while the U.S. and Iran face an unofficial April 30, 2026, deadline for a potential permanent peace deal.
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After unsuccessful negotiations in Islamabad.

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FXStreet broke the news in on Sunday, April 12, 2026.
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