U.S. and Iranian efforts to reach terms on peace and Iran’s nuclear program are poised to miss the 60-day deadline set under President Trump’s June cease-fire, with the target date passing Monday. The lapse points to the effective breakdown of a framework meant to end the war and revive broader negotiations, while the conflict has increasingly shifted away from publicly reported U.S. strikes and toward economic warfare. No publicly reported U.S. attacks on Iranian targets have been recorded since late July, but the broader objectives of the June understanding remain unmet. Those included ending the war, curbing Iran’s nuclear program and fully reopening the Strait of Hormuz, a vital shipping route that Iran has restricted for oil and gas traffic since the fighting began. Two Americans familiar with the negotiations said officials inside the White House recognize the deadline will be missed. The emerging strategy resembles earlier U.S. campaigns to isolate Iran economically in an effort to force changes to its nuclear policy. That approach produced mixed results in the past, and some analysts doubt economic pressure alone can compel Tehran to reverse course. Treasury Secretary Scott Bessent said last week that financial penalties unlike any seen before were imminent. Nate Swanson, an Iran expert at the Atlantic Council, said the June memorandum of understanding had been viewed as advantageous for Iran because it offered badly needed sanctions relief while postponing harder issues such as nuclear enrichment, but Iranian leaders chose to escalate again instead of locking in those gains.