Trump Extends Iran Ceasefire, Maintains Hormuz Blockade

President Trump extended a ceasefire with Iran, maintaining the US blockade of Iranian shipping, while negotiations with Iran remain uncertain. Markets reacted cautiously to the news, with oil prices dropping and US equities experiencing a slight decline. The US dollar strengthened, reaching its highest level in two weeks. In other news, tech stocks in China and Taiwan saw profit-taking after recent rallies.