The best hope for the ceasefire talks in Pakistan is that both the United States and Iran have strong reasons to call a halt to the war. The biggest obstacle to their success is a total absence of trust, no discernible common ground and the fact that Israel, America's full partner in the war, has hugely escalated its onslaught on Lebanon.

US President Donald Trump is already speaking about the war in the past tense. He has declared victory and needs an exit. Not only does he have a state visit from King Charles in the diary for later this month, followed by a summit with China's President Xi Jinping in May, there are midterm elections in November. With America's summer holiday season looming, Trump also needs petrol prices to fall back to where they were before he went to war. Royal visits, summits and elections do not mix well with wars.

Iran's regime has its own reasons to end the war. It is as defiant as ever, still able to launch missiles and drones, with its social media warriors pouring out AI videos lampooning Donald Trump. But Iran has suffered massive damage. Cities have come to an economic standstill and the regime needs time to regroup and will try to use the talks in Pakistan to strengthen its position.

The new problem they face concerns reopening the Strait of Hormuz, the narrow exit from the Gulf. Keeping it closed gives Iran a chokehold on the world economy. The ability to control shipping through this vital waterway presents both nations with strategic dilemmas. As Iran pushes for more influence in these negotiations, concerns grow about the long-term repercussions for the broader Middle East and beyond.

The long-term consequences of the war will reverberate across the region. Public sentiment in Lebanon is also on a knife-edge as they deal with ongoing Israeli airstrikes and the displacement of over a million people amidst the conflict.

As these negotiations unfold, the stakes could not be higher for the world's oil supply, the fate of countless civilians caught in the ongoing conflict, and the prospects of enduring peace in a historically tumultuous region.