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Trump Extends Iran Ceasefire, Says Naval Blockade Will Remain

Source
JH Kim

Summary

  • President Donald Trump announced an extension of the ceasefire period with Iran.
  • Trump said the US military would maintain its naval blockade and keep its forces on alert despite the ceasefire extension.
  • Markets are focusing on the ceasefire extension as a short-term tension-easing factor while also watching for continued uncertainty over energy supplies.

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President Donald Trump said he is extending the ceasefire with Iran while keeping a naval blockade in place to maintain pressure in negotiations.

On April 21, Trump wrote on Truth Social that he had accepted a request from the Pakistani government to postpone military strikes on Iran and extend the ceasefire.

He demanded that Iran first present a unified negotiating proposal.

Trump also stressed that the US military would continue the naval blockade and maintain military readiness during the ceasefire.

He said the ceasefire would remain in place until a proposal is submitted and negotiations are completed, adding that it could continue “regardless of the outcome.”

Markets are watching the extension as a near-term factor that could ease tensions, while the continued blockade may keep uncertainty over energy supplies in focus.

Photo: Shutterstock
Photo: Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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