Talks between Iran and the US lasted 60 days and ended last week. They could not agree on reopening the Strait of Hormuz, a vital shipping route.
Why it mattersThe failed talks raise the risk of more conflict. Global shipping and energy supplies depend on the Strait of Hormuz.
AustraliaNo direct Australian effect yet, but renewed conflict or shipping disruption could affect Australia's trade routes and oil imports.
✓ Claims checked against the source. checked 2 h ago
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