US-Iran ceasefire nears expiration

The fragile two-week ceasefire in the Middle East is on the verge of collapse as both the United States and Iran exchange threats ahead of a Wednesday expiration.

While Vice President JD Vance is scheduled to lead a delegation to Pakistan for last-ditch peace negotiations, Tehran has expressed reluctance to attend under the shadow of American threats.

The conflict has already severely disrupted global energy markets, with the Strait of Hormuz remaining a primary flashpoint for naval blockades.

President Trump has signaled that he is unlikely to extend the truce, warning that 'lots of bombs' could start going off if negotiations fail.