US will indefinitely extend ceasefire, unclear if Iran agrees
Get the Geopolitics newsletter
Daily geopolitics — wars, elections, sanctions, the diplomatic moves that move markets. Free.
- Trump announced an indefinite extension of the Iran ceasefire, pending a unified proposal from Tehran's leaders.
- Tasnim News Agency reported Iran has not requested the extension and warned it may break the U.S. naval blockade by force.
- Pakistan is hosting peace talks in Islamabad, aiming to resolve a conflict that has killed over 3,000 civilians and shut the Strait of Hormuz.
Why it matters: Global oil markets gain certainty while Iran loses leverage as the U.S. keeps its blockade, risking further price spikes and shipping disruptions for Indian importers after more than 3,000 civilian deaths.
