(SeaPRwire) – The U.S.-Iran ceasefire won’t expire this Wednesday afternoon after all.
In a Truth Social post published Tuesday afternoon—just minutes after stock markets closed—President Trump announced he was extending the truce. He cited two key reasons: “the fact that the Government of Iran is seriously fractured, not unexpectedly so,” and a request from Pakistan’s Field Marshal Asim Munir and Prime Minister Shehbaz Sharif to “hold our Attack on the Country of Iran until such time as their leaders and representatives can come up with a unified proposal.” The naval blockade of Iranian ports remains in effect. This after-hours post wrapped up a day of ceasefire-related volatility that began even before markets opened.
Trump kicked off the morning on CNBC’s Squawk Box, telling viewers the U.S. “was going to end up with a great deal,” adding, “I think they have no choice,” and stating he had no plans to extend the ceasefire. Stock futures rose amid diplomatic optimism, with the Dow opening 0.52% higher and the S&P 500 up 0.11%.
What happened next sent markets into chaos. Vice President JD Vance was scheduled to leave for Islamabad Tuesday morning to lead the second round of peace talks, joined by envoys Steve Witkoff and Jared Kushner—the same team that oversaw the unsuccessful first round on April 11. But Vance’s plane never took off, and soon the New York Times reported the trip was on hold, waiting for Iran’s demands. Iranian representatives had insisted all weekend they would not agree to a second round of talks while under blockade.
Stocks fell following the New York Times report. Earlier that morning, in his Squawk Box interview, Trump had ruled out any such move: “We’re not going to open the strait [of Hormuz] until we have a final deal.”
By day’s end, he had changed his tune, writing: “therefore extend the Ceasefire until such time as their proposal is submitted, and discussions are concluded,” Trump added, “one way or the other.”
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