Trump indefinitely extends ceasefire with Iran on Pakistan's request

US President Donald Trump said Tuesday he is indefinitely extending the ceasefire with Iran at Pakistan's request while awaiting a "unified proposal" from Tehran, even as the U.S. military maintains its blockade of Iranian ports. The move comes as the White House put on hold Vice President JD Vance's planned trip to Pakistan for a second round of truce talks with Iran, which has balked at further discussions. But Trump warned that the U.S. military will continue its blockade of Iranian ports.

Trump made the announcement as ceasefire talks looked increasingly uncertain with a two-week truce set to expire on Wednesday. Both countries had said they were prepared to resume fighting if no deal is reached.

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Trump said he would "extend the Ceasefire until such time as their proposal is submitted, and discussions are concluded, one way or the other."

Iran has yet to decide whether to join the negotiations in Pakistan, a foreign ministry spokesman said earlier Tuesday, and will only take part if Tehran believes the discussions would yield results.

UN chief calls US announcement 'an important step toward de-escalation' Secretary-General Antonio Guterres said the U.S. announcement that it is extending the ceasefire will create "critical space for diplomacy and confidence-building between Iran and the United States," according to his spokesman.

ALSO READ | Shehbaz Sharif thanks Trump for accepting US-Iran ceasefire request

"We encourage all parties to build on this momentum, refrain from actions that could undermine the cease-fire, and engage constructively in negotiations to reach a sustainable and lasting resolution," U.N. spokesman Stephane Dujarric said late Tuesday.

The secretary-general "fully supports" Pakistan's efforts to facilitate U.S.-Iran talks and hopes its efforts "will contribute to creating conditions conducive to a comprehensive and durable resolution to the conflict," Dujarric said.

Vance will not be traveling to Pakistan on Tuesday The White House said in a statement that in light of the president's announcement that he was extending the ceasefire and awaiting a proposal from Iran, Vance and the U.S. negotiating delegation would not be traveling to Pakistan on Tuesday.

The White House did not offer any additional updates on the possibility of in-person meetings.

Pakistan's prime minister thanks Trump Shehbaz Sharif thanked the U.S. president for extending the ceasefire with Iran, saying it would allow ongoing diplomatic efforts to proceed.

In a post on X, Sharif said he was expressing gratitude "on my personal behalf and on behalf of Field Marshal Syed Asim Munir" for Trump's "gracious acceptance" of Pakistan's request to extend the ceasefire.

Sharif said he hoped both sides would continue observing the ceasefire and reach a comprehensive peace deal during a second round of talks scheduled in Islamabad.

The Dow Jones Industrial Average dropped 293 points, or 0.6%, after erasing an earlier gain of 400 points, while the Nasdaq composite slipped 0.6%. Less than 10 minutes after the U.S. stock market finished trading for the day, Trump said he would extend the ceasefire to give Iran time to submit a proposal to end the war.

Oil prices also wavered before Trump announced the extension, and the price for a barrel of Brent crude went from less than $95 to roughly $100 during the day. It settled at $98.48, up 3.1%.

The moves were mostly more modest than the vicious swings that rocked Wall Street earlier in the war.

Trump says a ceasefire extension was needed because Iranian leadership is 'seriously fractured' The president, in his social media post, also alluded to reported divisions within the Islamic Republic, saying they have come "not unexpectedly."

Trump has repeatedly said over the course of the ceasefire that began on April 8 that his team is dealing with Iranian officials who want to make a deal, while acknowledging his decision to kill several top leaders has come with some complications.

"We've taken out their leaders, frankly, which does complicate things in one way, but these leaders are much more rational," Trump said earlier Tuesday during an interview on CNBC.

Iran calls for the United Nations to condemn US seizures of its ships The Iranian mission to the U.N. sent a letter Tuesday asking for the world body and the Security Council to issue a "firm and unequivocal" condemnation of the U.S. decision Sunday to attack and seize an Iranian-flagged cargo ship.

"This constitutes a grave breach of international law, a clear violation of the ceasefire, and an act of aggression marked by the hallmarks of piracy," the mission posted on X. "Such reckless conduct directly endangers international navigation and undermines maritime safety and security."

Washington had said the ship tried to evade the U.S. naval blockade near the Strait of Hormuz.

Trump says US will extend ceasefire but continue its blockade of Iranian ports The president said he's extending the ceasefire with Iran at Pakistan's request as he waits for a "unified proposal" from the Islamic Republic, but that the U.S. military will continue its blockade of Iranian ports.

Trump added that "he's directed our Military to continue the Blockade and, in all other respects, remain ready and able, and will therefore extend the Ceasefire until such time as their proposal is submitted, and discussions are concluded, one way or the other."

The president made the move even as the White House has put on hold Vice President JD Vance's expected trip to Islamabad for a second round of talks as Tehran, at least for time being, is balking at further talks.

Iranian foreign minister says US blockade of its ports is violation of ceasefire As news came that the U.S. delegation was pausing its travel to Islamabad, Iran's top diplomat posted on X saying that American forces boarding an Iranian oil tanker earlier Tuesday was an act of war.

"Striking a commercial vessel and taking its crew hostage is an even greater violation," Abbas Araghchi said in a post. "Iran knows how to neutralize restrictions, how to defend its interests, and how to resist bullying."

Iran's UN envoy says his government has 'received some sign' the US is ready to stop the blockade Ambassador Amir Saeid Iravani said Tuesday that as soon as Washington ends the blockade, "I think the next round of the negotiations will take place in Islamabad."

He called the U.S. naval blockade a violation of the ceasefire, and reiterated that lifting it is a condition for new negotiations to take place. The United States has not publicly indicated that it will lift the blockade.

(With inputs from agencies)