Live updates: Iran cites new conditions ahead of peace talks with the US

Key Points:

• Iranian delegation led by Parliament Speaker Mohammad Bagher Qalibaf arrived in Islamabad for Iran-U.S. talks, with negotiations contingent on preconditions including a ceasefire in Lebanon and release of blocked Iranian assets.
• Pakistan is playing a key mediator role, hosting high-security talks between Iran and the U.S. amid a fragile ceasefire following weeks of conflict involving Israel, Hezbollah, and Iran-backed forces.
• The conflict has caused severe humanitarian crises in Lebanon with over 1,953 killed and more than 6,300 wounded, while Israeli strikes continue despite calls for ceasefire and peace negotiations.
• Global economic impacts include a sharp rise in oil prices and inflation, with the Strait of Hormuz's restricted shipping flow affecting global energy markets; Japan plans additional oil reserve releases to mitigate supply risks.
• Political tensions persist internationally, highlighted by Spain’s call to suspend its EU association with Israel over military actions, Israel’s expulsion of Spain from a U.S.-led Gaza aid group, and mixed reactions within the U.S. Republican Party to President Trump’s Iran war policies.