The US is awaiting Iran’s response before resuming peace talks, as tensions over
the Strait of Hormuz push energy prices higher. President Trump extended the
ceasefire without a set deadline, despite speculation it would expire soon. Iran
has refused negotiations while the US naval blockade remains. The US demands
Iran surrender its enriched uranium, but Tehran has yet to comply. Meanwhile,
Iran seized two vessels, escalating tensions. Trump stated the blockade will end
only when a peace deal is reached, ending the war and stabilizing fuel prices.
