Iran Ceasefire Near Expiration

The fragile 14-day truce between the United States and Iran is set to expire on Wednesday, with President Trump warning that military action will resume if a deal is not reached.

Tensions have been exacerbated by the U.S. seizure of an Iranian-flagged cargo vessel and continued naval blockades in the Strait of Hormuz.

Iranian officials have countered by threatening to reveal 'new cards' on the battlefield and refusing to negotiate under direct threat.

Global energy markets remain volatile as the international community awaits the outcome of potential second-round negotiations in Islamabad.