The United States and Iran are considering extending their current ceasefire by two weeks to allow more time for negotiations on a potential peace agreement, according to officials familiar with the discussions. Mediators are working to organize technical talks addressing key issues including reopening the Strait of Hormuz and limits on Iran’s nuclear program, while diplomatic efforts involving Pakistan continue amid uncertainty over whether the truce will be prolonged.
- Ceasefire between the U.S. and Iran is set to expire Tuesday, with a possible two-week extension under discussion.
- Key negotiation issues include reopening the Strait of Hormuz and restrictions on Iran’s nuclear enrichment activities.
- Pakistan is actively mediating, with military chief Asim Munir traveling to Tehran to facilitate talks.
- U.S. officials say no final agreement has been reached on extending the ceasefire.
- President Donald Trump said the conflict is “close to over” and suggested a deal may be near.
- Oil prices hovered around $95 per barrel as disruptions in the Strait of Hormuz reduced global supply flows.
- U.S. naval forces have intercepted multiple tankers attempting to move in and out of Iranian ports amid an ongoing blockade.
- Iran has warned it may halt trade flows across key waterways if the blockade continues.
- Roughly 5,000 people have been killed in the conflict, including casualties in Iran and Lebanon.
- Negotiations may resume in Islamabad following earlier talks that ended without a breakthrough.
Relevant Companies
- Exxon Mobil ($XOM) – Global oil supply disruptions tied to the Strait of Hormuz could impact production and pricing.
- Chevron ($CVX) – Exposure to global energy markets may lead to volatility tied to Middle East supply constraints.
- TotalEnergies ($TTE) – European energy supply chains could be affected by reduced Gulf exports.
Editor’s Note: This is a developing story. This article may be updated as more detail
