Pakistani delegation meets in Tehran hoping for more US-Iran talks before ceasefire ends

CAIRO (AP) — Pakistan’s army chief met Wednesday in Tehran with Iran's foreign minister in the latest diplomatic move to ease tensions in the Middle East and arrange a second round of negotiations between the United States and Iran after almost seven weeks of war.

The White House said any further talks would likely take place in the Pakistani capital of Islamabad, though no decision had been made on whether to resume negotiations.

The U.S. naval blockade of Iranian ports continued as the Trump administration warned it would ramp up economic pain on Iran with new economic sanctions on countries doing business with it, calling the move the “financial equivalent” of a bombing campaign.

Pakistan has emerged as a key mediator after it hosted direct talks between the U.S. and Iran in Islamabad that authorities said helped narrow differences between the two sides. Mediators are seeking a new round before the ceasefire expires next week.

Even as the U.S. blockade on Iranian ports and renewed Iranian threats strained the ceasefire agreement, regional officials reported progress, telling The Associated Press the United States and Iran had an “in principle agreement” to extend it to allow for more diplomacy. They spoke on condition of anonymity to discuss the matter.

Iran's foreign minister, Abbas Araghchi, took part in a preliminary meeting with Asim Munir, Pakistan's army chief of staff, Iranian state media reported. It said talks would continue Thursday.

But even as mediators worked for peace, tensions simmered.

The commander of Iran’s joint military command, Ali Abdollahi, threatened to halt trade in the region if the U.S. does not lift its naval blockade.

And a newly-appointed military adviser to Iranian Supreme Leader Mojtaba Khamenei said he doesn’t support extending the ceasefire.

Iranian state media quoted Mohsen Rezaei, a former commander in the Iranian Revolutionary Guard, as saying: “Unlike the Americans who are afraid of continuous war, we are fully prepared and familiar with a long war.”

U.S. Treasury Secretary Scott Bessent said the White House has warned countries and private companies they could face sanctions for doing business with Tehran.

White House press secretary Karoline Leavitt said the U.S. had not “formally requested an extension of the ceasefire" with Iran, which is set to expire Tuesday.

"At this moment, we remain very much engaged in these negotiations, in these talks,” Leavitt said, adding that any further in-person talks “would very likely” return to Islamabad.

Mediators are pushing for a compromise on three main sticking points that derailed direct talks last weekend — Iran’s nuclear program, the Strait of Hormuz and compensation for wartime damages, according to a regional official involved in the mediation efforts.

Iranian Foreign Ministry spokesman Esmail Baghaei said Iran is open to discussing the type and level of its uranium enrichment, but his country “based on its needs, must be able to continue enrichment,” Iranian state media reported.

The negotiating team led by Vice President JD Vance urged Iran to agree to a 20-year moratorium on uranium enrichment as part of a potential deal to end the war, according to the regional official and a person briefed on the matter.

The Iranians countered with an offer to suspend enrichment for five years, said the officials, who spoke on condition of anonymity because they were not authorized to comment publicly on the negotiations.

The White House rejected that. The dueling proposals were first reported by The New York Times.

The fighting has killed at least 3,000 people in Iran, more than 2,100 in Lebanon, 23 in Israel and more than a dozen in Gulf Arab states. Thirteen U.S. service members have also been killed.

The war has jolted markets and rattled the global economy as shipping has been cut off and airstrikes have torn through military and civilian infrastructure across the region. Oil prices have fallen amid hopes for an end to fighting, and U.S. stocks on Wednesday surpassed records set in January.

Yet the future of the fragile ceasefire still hung in the balance as the U.S. pressed ahead with its blockade, which threatens to sever Iran from economic lifelines.

“I think they want to make a deal very badly,” U.S. President Donald Trump said in an interview Wednesday on Fox Business Network’s “Mornings with Maria."

In a social media post, Trump said China has agreed not to provide weapons to Iran as reports circulated that Beijing has considered transferring arms.

China has long supported Iran’s ballistic missile program and backed it with dual-use industrial components that can be used for missile production, according to the U.S. government.

U.S. Central Command said Wednesday that no ships had made it past the blockade since it was imposed two days earlier, while 10 merchant vessels complied with direction from U.S. forces to turn around and reenter Iranian waters.

The blockade is intended to pressure Iran, which has exported millions of barrels of oil, mostly to Asia, since the war began Feb. 28. Much of it has likely been carried by so-called dark transits that evade sanctions and oversight, providing cash that’s been vital to keeping Iran running.

Since the war began, Iran has curtailed maritime traffic through the Strait of Hormuz, which a fifth of global oil transited through in peacetime. Tehran's effective closure of the strait sent oil prices skyrocketing, raising the cost of fuel, food and other basic goods far beyond the Middle East.

Meanwhile, Israel pressed ahead with its aerial and ground war in Lebanon. The country's National News Agency reported airstrikes and artillery shelling throughout southern Lebanon on Wednesday, including near Bint Jbeil, where Israeli forces have encircled Hezbollah fighters.

Israeli Prime Minister Benjamin Netanyahu said Israeli troops were about to “eliminate this great stronghold of Hezbollah” and would continue expanding control of areas in southern Lebanon.

The fighting continued after Israeli and Lebanese officials concluded their first direct talks in decades. Netanyahu said negotiations are continuing, with disarming Hezbollah a key goal.

The Lebanese Health Ministry said Israel struck three teams of paramedics Wednesday in southern Lebanon, first hitting one team and then two more that rushed to help. The attacks killed three paramedics and wounded six others, the ministry said.

The Israeli military did not immediately respond to a request for comment.

Israel and Lebanon have technically been at war since Israel was established in 1948, and Lebanon remains deeply divided over diplomatic engagement with Israel.

Metz reported from Ramallah, West Bank, Ahmed from Islamabad and Corder from The Hague, Netherlands. Associated Press writers Darlene Superville, Aamer Madhani and Joshua Boak in Washington; Julia Frankel in New York and Russ Bynum in Savannah, Georgia, contributed to this report.

In this photo released by the Iranian Foreign Ministry, Pakistan's Army Chief Field Marshal Gen. Asim Munir, left, is welcomed by Iranian Foreign Minister Abbas Araghchi upon his arrival in Tehran, Wednesday, April 15, 2026. (Iranian Foreign Ministry via AP)

Girls chase bubbles next to their family's tents used as shelter after fleeing Israeli bombardment in Dahiyeh, Beirut's southern suburbs, in Beirut, on Wednesday, April 15, 2026. (AP Photo/Bilal Hussein)

In this photo released by the Iranian Foreign Ministry, Iranian Foreign Minister Abbas Araghchi, right, meets with Pakistan's Army Chief Field Marshal Gen. Asim Munir in Tehran, Wednesday, April 15, 2026. (Iranian Foreign Ministry via AP)

Relatives of Ghadir Baalbaki, 19, who was killed on Tuesday in an Israeli airstrike, mourn during her funeral in the southern port city of Tyre, Lebanon, Wednesday, April 15, 2026. (AP Photo/Hussein Malla)

Paramedics attach a portrait over the grave of Ghadir Baalbaki, 19, who was killed on Tuesday in an Israeli airstrike, at a temporary mass grave in the southern port city of Tyre, Lebanon, Wednesday, April 15, 2026. (AP Photo/Hussein Malla)

A cargo ship sails in the Persian Gulf towards Dubai port as seen from Ajman, United Arab Emirates, Tuesday, April 14, 2026. (AP Photo)

Israeli Ambassador to the U.S. Yechiel Leiter speaks with reporters outside of the State Department in Washington, Tuesday, April 14, 2026. (AP Photo/Jacquelyn Martin)

A volunteer flips a burnt book amid the debris of a residential building that, according to the authorities, was damaged on March 4 during the U.S.-Israeli military campaign, in southeastern Tehran, Iran, Tuesday, April 14, 2026. (AP Photo/Vahid Salemi)

A veiled woman walks through a mass grave where civilians and Hezbollah fighters killed by Israeli airstrikes are temporarily buried in the southern port city of Sidon, Lebanon, Tuesday, April 14, 2026. (AP Photo/Mohammed Zaatari)

Residents gesture and point toward damage as they stand near charred cars at the site of a building destroyed in an Israeli airstrike last Wednesday in central Beirut, Lebanon, Tuesday, April 14, 2026. (AP Photo/Hassan Ammar)

NEW YORK--(BUSINESS WIRE)--Aug 28, 2026--

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Hyliion Holdings Corp. ("“Hyliion” or the “Company”) (NYSE: HYLN) and reminds investors of the October 27, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260828274796/en/

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) in order to cause rapid price appreciation in Hyliion stock, Defendants announced a deal with an entity that was very recently formed and does not appear to have any actual business operations; (2) the Individual Defendants timed the announcement and foregoing price appreciation to insider trade; and (3) as a result, Defendants' statements about Hyliion's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On June 23, 2026, Pelican Way Research issued a report entitled "Hyliion: A Glorified Science Project Who Has Continuously Failed to Meet Expectations And Is Now Throwing Around A Meaningless Deal." On this news, Hyliion's stock price fell $1.27, or 17.2%, to close at $6.10 per share on June 23, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Hyliion’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Hyliion class action, go to www.faruqilaw.com/HYLN or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the Hyliion Securities Class Action Lawsuit:

What is the Hyliion securities fraud lawsuit about?

The lawsuit alleges that Hyliion Holdings Corp. and certain of its executives engaged in securities fraud during the class period by making materially false and misleading statements about the company's business, operations, and prospects. Specifically, the complaint allegedly asserts that Defendants announced a deal with a recently formed entity that does not appear to have any actual business operations, purportedly to cause rapid and artificial appreciation in Hyliion's stock price. The lawsuit further alleges that certain individual defendants timed the announcement and resulting price appreciation to engage in insider trading. On June 23, 2026, Pelican Way Research published a report critical of the company and its deal announcement, after which Hyliion's stock price allegedly fell $1.27 per share, or approximately 17.2%, to close at $6.10.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired Hyliion Holdings Corp. (NYSE: HYLN) securities on the New York Stock Exchange between May 12, 2026 and June 23, 2026, inclusive, may be eligible to participate in this lawsuit. Eligible investors are not required to seek appointment as lead plaintiff in order to be considered a class member or to potentially share in any recovery that may be obtained. Class membership is open to all qualifying investors who suffered losses on their Hyliion holdings during the stated class period, subject to the outcome of the litigation. Investors who believe they may qualify are encouraged to review their trading records to determine whether their purchases fall within the applicable timeframe.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a class member appointed by the court to act as the representative party on behalf of all class members in directing the litigation, including decisions regarding litigation strategy and the selection of lead counsel. Any investor who purchased Hyliion securities during the class period and suffered a loss may move for appointment as lead plaintiff, and the court generally appoints the movant with the largest financial interest in the relief sought who otherwise satisfies applicable legal requirements. The deadline to file a motion seeking appointment as lead plaintiff is October 27, 2026. Importantly, investors are not required to seek or serve as lead plaintiff in order to participate in the class action or to share in any recovery that the litigation may produce.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Hyliion securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

HYLN DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Hyliion Investors of Securities Class Action Lawsuit Deadline on October 27, 2026