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Hormuz, Lebanon Central to US, Iran Peace Talks

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April 10, 2026

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Bloomberg's Jeff Mason said that the bar for success in this weekend's peace talks between the US and Iran, is that both parties stay at the table and they don't 'fail,' potentially ending the tenuous two-week ceasefire. Mason said that Israel's strikes on Lebanon and oil flow through the Strait of Hormuz are the key hurdles as the two countries try to negotiate a longer term deal.

The US and Iran prepared for direct talks in Pakistan with the Strait of Hormuz still effectively shut and Israel and Hezbollah exchanging fire, complicating efforts to turn a fragile truce into lasting peace.

The two-week ceasefire announced by President Donald Trump and Tehran was broadly holding across the Middle East on Friday. The exception was in Lebanon, where questions remain over whether Israel’s parallel campaign against Tehran-backed Hezbollah is part of the agreement.

Israel continued to strike towns in southern Lebanon, albeit on a smaller scale than the major operation that killed more than 200 people on Wednesday. Hezbollah said it launched drones and rocket salvos toward Israel, where medics reported treating several injured people in central and southern Israel.

A ceasefire in Lebanon is one measure that “must be fulfilled before negotiations begin,” Iran’s Parliament Speaker Mohammad-Bagher Ghalibaf said in a post on X. The other is the “release of Iran’s blocked assets,” he said, without being more specific.

US and Iranian delegations are set to meet in Islamabad on Saturday, with shipping through Hormuz — which handled about a fifth of the world’s oil and liquefied natural gas before the war — also a central sticking point.

Trump told the New York Post on Friday that US warships are being reloaded with “the best ammunition” to launch fresh attacks if the talks faltered.

“We’re going to find out in about 24 hours,” Trump said, when asked if he believed negotiations would be successful.

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Guests & Subjects Covered

Bloomberg's Jeff MasonThe USPresident Donald TrumpMiddle EastFriday TheTehran-backed HezbollahWednesday HezbollahIsrael A

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