Former US ambassador to Israel Dan Shapiro said in a CNBC interview that President Trump misjudged the conflict with Iran from the start. Shapiro described the situation as a stalemate, with no significant progress toward a resolution. The conflict, triggered by US and Israeli strikes on Iran, centers on control of the Strait of Hormuz. No lasting ceasefire or diplomatic breakthrough has occurred despite mediation efforts by Qatar, Oman, and Pakistan. Prediction markets show limited confidence in a diplomatic meeting taking place in the UAE by September 30, 2026.
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