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US, Iran Mull Extending Ceasefire as Hormuz Remains Closed: Wire
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The US and Iran are considering extending the ceasefire by two weeks to allow more time for peace negotiations, thereby reducing the risk of renewed conflict following escalating tensions in the Strait of Hormuz, Bloomberg reported, citing people with the knowledge of the matter. As the initial ceasefire agreement is purportedly set to expire next week, mediators between Washington and Tehran are seeking to hold technical talks to address the most challenging issues hindering a long-term deal, including the reopening of the Strait of Hormuz and Iran's nuclear program. The US has blockaded the Strait, severing Iran's oil and gas shipments. On Wednesday (15th), the US said 10 vessels were forced to turn back, while Iran continues to bar most other ships from passage. A White House spokesperson said the US has not formally requested an extension of the ceasefire but acknowledged that the White House remains very active in negotiations. Auto-translated by AI AASTOCKS Financial News |
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