Trump Extends Iran Ceasefire, Keeps Hormuz Blockade

In a significant development, President Trump extended the Iran ceasefire while maintaining the US blockade of the Strait of Hormuz. Iran, however, dismissed the move as a US ploy to buy time, leading to the collapse of planned direct talks. Meanwhile, Pakistan urged the US to hold off on strikes, and global markets remained cautious, with oil prices fluctuating due to the Hormuz closure. Goldman Sachs CEO David Solomon warned about recession risks amidst the geopolitical tension.