President Donald Trump has extended the US-Iran ceasefire just hours before expiration, citing a request from Pakistan's prime minister to allow Iranian leaders time to submit a unified proposal. The extension comes as peace talks scheduled for this week in Pakistan face uncertainty, with Iranian officials reportedly declining to attend according to the Tasnim news agency.

Brent crude prices briefly spiked above $100 a barrel before dipping following Trump's announcement. The extension maintains the US military's blockade of the Strait of Hormuz while negotiations continue. US Vice-President JD Vance, who led the initial talks in Islamabad earlier this month, remained in Washington as the diplomatic situation evolved.

The ceasefire extension reflects the delicate balance between military pressure and diplomatic engagement in US-Iran relations. With regional tensions affecting global energy markets and the strategic waterway remaining under blockade, the coming days will be critical in determining whether substantive negotiations can proceed or if the fragile truce will collapse.