Iran ceasefire nears expiration

The fragile peace between Washington and Tehran is under immense pressure as the ceasefire expiration draws near.

President Donald Trump has signaled a refusal to extend the truce, warning that military action will resume if a comprehensive deal is not reached immediately.

Mediators in Pakistan are racing to facilitate a second round of negotiations, but internal divisions within the Iranian leadership and continued U.S. naval blockades in the Strait of Hormuz remain significant obstacles.

Global energy markets remain on edge, with physical oil prices trading at high premiums due to the ongoing disruption of vital shipping lanes.