Trump Extends Ceasefire, Claims Iran ‘Collapsing Financially’
US President Donald Trump extended a ceasefire with Iran, citing the country's alleged financial collapse due to a US-led blockade of the Strait of Hormuz. The truce has brought some respite to the region, but uncertainty remains, with both sides accusing each other of ceasefire breaches.
US President Donald Trump extended a ceasefire with Iran to allow more time for talks. The decision came after a request by Pakistani mediators and to give Iran's leadership time to form a proposal. Despite the truce, an Iranian gunboat fired on a container ship off Oman's coast, causing damage but no casualties. The US blockade of Iran's ports will continue, Trump said. Iran has shut the Strait of Hormuz, a key energy conduit, since the US and Israel launched a massive attack on the country. Oil prices fell along with stocks as investors assessed the chances of US-Iran peace talks. The UK will host talks on the waterway involving over 30 countries. Vice President JD Vance's planned trip to Pakistan for new negotiations was called off pending an Iranian proposal.
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