All articles tagged with #ceasefire extension
Two ships were attacked in the Strait of Hormuz after President Trump extended the Iran ceasefire: a container ship and a cargo ship were fired on by IRGC gun boats, suffering bridge damage but with crews safe, and escorted toward the Iranian coast while AIS was off. A third ship was reportedly hit by BBC/Reuters but not confirmed by UKMTO, as US-Iran peace talks continue.
Oil futures rose after the US extended its ceasefire with Iran, postponing a new round of peace talks. Brent crude traded above $93 a barrel and WTI around $89.70 as tensions in the Strait of Hormuz persisted. President Trump said the extension was at Pakistan’s request while awaiting Iran’s response to Washington’s proposals; the White House also paused Vice President Vance’s trip amid stalled negotiations, and the Pentagon is weighing broader options. Markets remain uncertain whether talks will resume or lead to further escalation.
Oil prices oscillated after Trump extended a fragile Iran ceasefire, keeping markets unsure about de-escalation and supply risk. Brent traded near $99.8 and WTI near $90.9 as mixed signals from Tehran and Washington persisted, with the U.S. blockade of Iranian ports continuing and Iran signaling talks in Pakistan may be unproductive, underscoring a fragile outlook for energy markets around the $100 per barrel level.