Trump Extends Iran Ceasefire Amid Stalled Talks and Economic Warfare

On Tuesday, President Donald Trump announced an extension of the ceasefire in the Iran War, even as Iran declined to engage in negotiations in Islamabad. Trump insisted that Iran must participate in discussions with Vice President J.D. Vance, Jared Kushner, and Steve Witkoff. U.S. Treasury Secretary Scott Bessant cautioned about the continuation of naval blockades and sanctions affecting Iran's oil income. Iranian spokesperson Seyed Mohammad Marandi issued evacuation alerts for Gulf states and showcased missiles in Tehran. Reports indicated Iran's absence from talks was due to demands like lifting the blockade. The Financial Times reported that 34 tankers circumvented the U.S. blockade. Analysts raised concerns about a potential return to conflict, while CNN highlighted the depletion of U.S. missile reserves. The war has impacted global oil supply, removing 500 million barrels and leading to a 30% increase in condom prices.