Iran says there's no point continuing talks with the US - jeopardising Donald Trump's peace proposal.

The US President earlier claimed a memorandum of understanding would be signed today. 

But deadly Israeli strikes on Beirut have plunged his plans into uncertainty - with Iran now vowing retaliation. 

Foreign policy analyst Jeffrey Pryce told Mike Hosking that he wouldn't hold his breath about a deal being signed today.

But he says ending the conflict remains in the best interests of both sides - including re-opening the Strait of Hormuz. 

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