Trump Extends Iran Ceasefire Indefinitely Amid Hormuz Blockade

President Donald Trump has announced the indefinite extension of a ceasefire with Iran, pausing threats of renewed military action while diplomatic efforts remain in a state of limbo. The decision marks a temporary step back from escalation, though the underlying geopolitical tensions remain acute. The truce, which was established approximately two weeks ago, comes at a time of extreme regional instability. Most critically, the Strait of Hormuz remains effectively shut, creating a persistent bottleneck for global energy shipments and maintaining significant upward pressure on oil markets. Trump stated via Truth Social that the decision to extend the truce followed a request from Pakistan, which has served as the primary mediator between Washington and Tehran. However, Iranian officials have denied that Pakistan made such a request, highlighting the continued friction and lack of trust between the two adversaries. According to the US President, the ceasefire will remain in effect until Iran submits a new proposal and diplomatic discussions reach a definitive conclusion, one way or the other. Market participants remain cautious, as the lack of a formal agreement and the physical blockade of the Strait continue to pose systemic risks to global trade and energy security.