Trump extends Iran ceasefire indefinitely as oil markets watch closely. The US president has pushed back the truce deadline to allow more time for peace negotiations mediated by Pakistan, citing Iran's need to form a formal proposal. However, the critical US naval blockade of Iranian ports remains in place, continuing to restrict Tehran's oil exports and international trade. This standoff has significant implications for global energy markets, with oil prices already under pressure from supply disruptions in the Strait of Hormuz. Iran has warned it may attack Gulf oil facilities if its territory is targeted, raising further concerns about regional stability and energy security. The extended ceasefire buys time for diplomacy but leaves fundamental economic issues unresolved for now.
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