President Trump announced an extension of the U.S.-Iran ceasefire on Tuesday, reversing an earlier statement that the truce would expire. Trump cited a "seriously fractured" Iranian government and a request from Pakistani leaders Field Marshal Asim Munir and Prime Minister Shehbaz Sharif to delay action until Iran presents a unified proposal.
While the extension holds, the naval blockade of Iranian ports remains in place. The shift followed a day of market volatility and the postponement of a diplomatic mission to Islamabad led by Vice President Vance. Read the full story at Fortune (subscription).
Source · Fortune
