Policy

US–Iran Tensions in 2026: Why a Ceasefire Exists but Lasting Peace Remains Elusive

The United States and Iran have entered a fragile ceasefire after months of military escalation that shook global markets and heightened fears of a wider regional conflict. Although direct large-scale hostilities have reduced, the ceasefire has not translated into lasting peace. Deep disagreements over Iran's nuclear program, economic sanctions, regional influence, and the security of the Strait of Hormuz continue to block a comprehensive settlement. This article explores the origins of the conflict, the reasons behind the current truce, why negotiations remain difficult, and what the future could hold for the Middle East and the global economy.