Iran-U.S. peace talks deadlocked after Trump rejects ‘totally unacceptable’ proposal

Negotiations deadlocked and a ceasefire on a precipice

Negotiations deadlocked and a ceasefire on a precipice.

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That appeared to be the situation Monday between the United States and Iran, with both sides labeling each other’s peace proposals unacceptable after exchanging fire over the weekend.

That impasse raised the threat of renewed conflict and left the global economy imperiled by the standoff over the Strait of Hormuz, a tense backdrop for President Donald Trump’s state visit this week to China.