• Talks in Pakistan: Vice President JD Vance and other top US officials will hold another round of peace talks with Iran in the coming days, according to the White House. A delegation from Tehran will arrive in Pakistan on Tuesday and work toward announcing a ceasefire extension with the US the following day, Iranian sources said.
• Strait of Hormuz: US President Donald Trump accused Iran of violating the ceasefire with its actions in the vital waterway and warned that US strikes will resume if a peace deal can’t be reached. Tehran has once again blocked the passage of most ships through the strait, alleging US “breaches of trust.”
• Economic impacts: The strait’s effective closure has choked oil supply and roiled the global economy. Trump’s energy secretary warned that the average US gas price may not return to under $3 a gallon until next year.
