{"id":88504,"date":"2026-04-13T00:00:00","date_gmt":"2026-04-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?p=88504"},"modified":"2026-04-13T10:11:52","modified_gmt":"2026-04-13T10:11:52","slug":"this-afternoon-us-iran-leave-talks-without-an-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/04\/13\/this-afternoon-us-iran-leave-talks-without-an-agreement\/","title":{"rendered":"THIS AFTERNOON: US, Iran leave talks without an agreement"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Good afternoon, readers. <\/strong>We went into the weekend discussing Iran\u2019s <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/issues\/more-help-incoming-this-time-from-difc-diez\/\" style=\"\">closure<\/a> of the Strait of Hormuz, and somehow, just a couple of days later, it\u2019s now the US threatening to blockade the strait. US President Donald Trump <a target=\"_blank\" href=\"https:\/\/x.com\/WhiteHouse\/status\/2043344995181011027?s=20\" style=\"\">said<\/a> the US would prevent \u201cany and all ships\u201d from entering or leaving the waterway, though it\u2019s unclear how far it might go and whether it will get help from other countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This came as negotiations between the US and Iran collapsed over<\/strong><strong> the <\/strong><strong>weekend.<\/strong> After 21 hours in Islamabad, negotiators from the two countries walked away without an agreement, each blaming the other for holding the line on core demands.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US Vice President JD Vance said Iran refused to accept what h<\/strong><strong>e described as Washington\u2019s \u201cfinal and best offer,\u201d<\/strong> centered on an explicit commitment not to pursue nuclear weapons, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/us-iran-talks-pause-now-disagreements-remain-2026-04-11\/\" style=\"\">Reuters<\/a> reports. Iranian officials described the US\u2019 demands as \u201cunreasonable,\u201d <a target=\"_blank\" href=\"https:\/\/www.trtworld.com\/article\/6f48eb450037\" style=\"\">TRT World<\/a> reports, citing Iranian state media. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The problem: <\/strong>The two sides are negotiating entirely different endgames. Iran is pushing for a broad settlement, covering sanctions relief, regional scrutiny, and sovereignty issues like the Strait of Hormuz, while the US is pursuing a narrower arrangement, focusing on Iran\u2019s nuclear program \u2014 a major point of contention in the latest round of talks \u2014 along with the Strait of Hormuz and regional de-escalation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yes, but: No one\u2019s calling time on diplomacy just yet.<\/strong> Iran\u2019s Foreign Ministry Spokesperson Esmaeil Baqaei <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/reel\/1595050758248316\" style=\"\">said<\/a> no one expected an agreement in a single session and that the road to diplomacy wasn\u2019t shut off.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The strait did see some movement though: <\/strong>Three supertankers carrying crude passed through the Strait of Hormuz on Saturday, the first to exit the Gulf since the ceasefire, while three empty tankers were sailing into the waterway on Sunday, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/chinese-oil-tankers-transit-strait-hormuz-data-shows-2026-04-11\/\" style=\"\">Reuters<\/a> reports, citing shipping data. However, hundreds are still stuck waiting for clearance, and some were abruptly making U-turns mid-journey, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-12\/hormuz-tracker-limited-transits-before-trump-announces-blockade\" style=\"\">Bloomberg<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax: <\/strong>Indian benchmarks tumbled this morning, tracking a broader retreat in Asian equities as Brent crude jumped 7.3% to USD 102 \/ bbl. The Nifty 50 slid 1.78%, while the Sensex shed 1.83% in early morning trade. The reversal comes after both indices posted their strongest weekly gains in five years last week \u2014 climbing 6% \u2014 on the back of a fragile ceasefire. The INR also <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/rupee-relief-rally-stall-oil-soars-us-iran-talks-collapse-2026-04-13\/\" style=\"\">declined 0.7%<\/a> to 93.3 per USD. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Watch this space<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>I<\/strong><strong>NDUSTRY WATCH \u2014 <\/strong><strong>The<\/strong><strong> two-week US-Iran ceasefire has lifted <\/strong><strong>sentiment across India\u2019s industrial sector<\/strong>, but top industry leaders believe the relief may be fleeting as disruptions linked to the Strait of Hormuz continue to affect costs and supplies, <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/cons-products\/fmcg\/us-iran-truce-brings-respite-but-no-quick-fix-for-india-incs-supply-pain\/articleshow\/130123203.cms\" style=\"\">Economic Times<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sentiment rebounds cautiously: <\/strong>The truce offers a window for recovery and could support demand, Tata Consumer Products CEO Sunil D\u2019Souza told the daily. This sentiment was echoed by Parle Products\u2019 Arup Chauhan, one of India\u2019s largest biscuit producers, who told the daily: \u201cThe ceasefire is definitely a breather and consumer sentiment should look up.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Supply chains may take years to fully recover<\/strong>, with prices of raw inputs hiked by 10-15% amid damaged gas infrastructure in the Middle East, warned Shekhar Bajaj of consumer electricals giant Bajaj Electricals. Stabilization could take 1-2 months but is contingent on sustained peace, said Sunil Kataria, MD at agribusiness firm Godrej Agrove.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>Price hikes across consumer goods are unlikely to be rolled back soon, industry executives say. For India, heavily exposed and reliant on Gulf energy imports, the ceasefire signals temporary respite, while for the MENA region, restoring stable flows is critical to sustaining demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>AVIATION \u2014 <\/strong><strong>Dubai<\/strong><strong> narrows the runway: <\/strong>Dubai has limited foreign airlines to one daily flight per carrier through 31 May, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/dubai-limits-foreign-flights-until-may-31-letters-show-hitting-indian-airlines-2026-04-10\/\" style=\"\">Reuters<\/a> reports, citing a private email sent to airlines by Dubai Airports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move is causing panic <\/strong>among carriers in India, DXB\u2019s largest source market with <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/12\/this-morning-emirates-nbd-tightens-pricing-on-green-notes-dxb-had-another-record-year\/\" style=\"\">11.9 mn<\/a> passengers last year. The Federation of Indian Airlines told the newswire the curbs create an uneven playing field, as they do not apply to UAE carriers like Emirates and Flydubai, and could lead to \u201csubstantial\u201d revenue losses. IndiGo added the restrictions have \u201csignificantly constrained\u201d operations, leaving parts of its fleet underutilized.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> This move will further strain operations of Indian airlines which are facing mounting revenue losses and higher input costs which canceled over <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/04\/10\/this-afternoon-ihc-backed-epointzero-launches-jv-with-adani-group\/\" style=\"\">10k flights<\/a> to the MENA region during the US-Israel-Iran war. India\u2019s airports regulator has already slashed landing and parking charges by 25% to shield the carriers from further losses. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">YOU\u2019RE READING EnterpriseAM MENA <> India, your C-suite briefing on the movement of trade, investment, people, and ideas along one of the world\u2019s most exciting corridors. Every Monday, Wednesday, and Friday at 2:30pm UAE, we dive deep into the business, finance, economy, and policy headlines and trendlines that will move markets and set the tone for your day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this briefing? <\/strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/newsletters\/\" style=\"\">Tap or click here to sign up without charge for your own<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/newsletters\/\" style=\"\">copy<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Data point<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>20.82<\/strong><strong> mn tonnes \u2014 that\u2019s the amount of liquefied petroleum gas (LPG) India is expected to import in this fiscal year<\/strong>, reflecting the country\u2019s continued reliance on external supply to meet a majority of its domestic requirement, <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/markets\/commodities\/india-likely-to-import-2082-million-tonnes-of-lpg-in-fy27\/article70854041.ece\" style=\"\">Hindu Businessline<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India\u2019s LPG sourcing is concentrated in the Gulf<\/strong>, with most cargoes from Saudi Arabia, the UAE, and Oman transiting the Strait of Hormuz, exposing supply to disruption risks along a key energy corridor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> The big story abroad<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For once, the international business press is focusing on something <\/strong><strong>other than the war: Hungary\u2019s elections. <\/strong>The European country just <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/orban-ousted-after-16-years-hungarians-flock-pro-eu-rival-2026-04-12\/\" style=\"\">voted out<\/a> Prime Minister Viktor Orb\u00e1n, who\u2019s been in office for 16 years, opting instead for center-right rival Peter Magyar. Orb\u00e1n\u2019s critics accuse him of being authoritarian \u2014 his opposition to the EU\u2019s efforts to help Ukraine fight Russia, as well as the economic decline Hungary has seen in recent years, have contributed to his falling out of favor. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Look out for earnings season to start this week<\/strong>, with <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-12\/earnings-season-kicks-off-with-war-ai-threat-among-key-worries?srnd=homepage-middle-east\" style=\"\">Goldman Sachs<\/a> set to report its earnings today. Expect an interesting week, given the double whammy of earnings against the backdrop of the war. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> Circle your calendar<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays, and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Dubai\u2019s foreign airline cap hurts Indian carriers<\/p>\n","protected":false},"author":1,"featured_media":88505,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2403],"tags":[2458,2402,2395,2809,2401],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-enterpriseam-india","tag-iran","tag-oil-watch","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"9867f4dd-1e1a-486b-909c-3b125d9584b0","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2026\/4\/543.jpg","photo_position":"above","homepage_title":"","full_issue_title":"US, Iran leave talks without an agreement + Ceasefire lifts sentiment, but risks linger for Indian industry","related_issue":[88502],"teaser":"Plus: Dubai\u2019s foreign airline cap hurts Indian carriers"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS AFTERNOON: US, Iran leave talks without an agreement - MENA India Corridors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/04\/13\/this-afternoon-us-iran-leave-talks-without-an-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS AFTERNOON: US, Iran leave talks without an agreement\" \/>\n<meta property=\"og:description\" content=\"Plus: 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