Trump Defiant on Iran Deal as Ceasefire Nears Expiry

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US-Iran tensions escalate after a ship seizure, with global markets reacting and world leaders urging de-escalation ahead of ceasefire deadline

Donald Trump has insisted the United States is «under no pressure whatsoever» to strike a deal with Iran, as a fragile ceasefire between the two sides approaches its expiration.

Tensions escalated after the U.S. Navy seized an Iranian-flagged cargo vessel in the Gulf of Oman, an operation linked to Washington’s enforcement of a naval blockade. Tehran condemned the move and said it would refuse further negotiations unless the blockade is lifted.

Trump framed his stance as a strategic decision, arguing that patience strengthens the U.S. position. He described the broader operation as being «perfectly executed,» while critics say his rhetoric is aimed at projecting strength amid growing calls to resume diplomacy.

The standoff has rattled global markets, with oil prices rising sharply as fears grow over potential disruption to supplies through the Strait of Hormuz. The waterway remains largely restricted, increasing uncertainty for international trade.

With the ceasefire set to expire within days, world leaders have intensified calls for de-escalation. Emmanuel Macron, Xi Jinping and Russian officials have all urged both sides to return to negotiations and avoid further confrontation.

Analysts warn that failure to extend the truce could deepen the crisis, prolong market volatility and heighten the risk of a broader regional conflict.

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