Analysts suggest that a significant trust deficit, a lack of a reliable guarantor, and Israel's involvement complicate any potential peace agreement between the US and Iran.

As US President Donald Trump issued yet another ultimatum pressuring Iran into striking a peace deal, the two sides stood far apart amid a trust deficit, a guarantor vacuum and Israel’s role, analysts said. Trump extended the deadline for a deal calling on Iran to reopen the Strait of Hormuz until Tuesday 8pm Washington time – his third time doing so since the war began on February 28. Iran faced the “complete demolition” of its power plants and bridges if no deal was reached, Trump said on...