A U.S.–Iran crisis is escalating across military and diplomatic fronts. In early April, a U.S. F-15E was shot down over Iran, triggering a high-risk rescue mission that recovered both crew members, one seriously injured. At the same time, initial high-level talks in Islamabad—the first since 1979—ended without agreement, and a second round is uncertain as Iran hesitates to participate. With the ceasefire set to expire, President Trump has warned that military action could resume if no deal is reached.

A proposed U.S. plan to grant Iran access to $20 billion in frozen assets in exchange for its enriched uranium stockpile has added complexity, offering a quicker but narrower alternative to the 2015 nuclear deal. Meanwhile, tensions in the Strait of Hormuz are disrupting oil markets, driving up gas prices and increasing economic pressure. These developments are also fueling domestic political challenges in the U.S. ahead of upcoming elections.