President Donald Trump announced an indefinite extension of the US‑Iran ceasefire at Pakistan’s request, halting planned talks.
Strait of Hormuz shipping remains largely closed after a container ship attack and IRGC boat strike, keeping oil flow disrupted.
Brent crude futures hovered just below $100 per barrel, sparking inflation fears and potential central‑bank rate hikes.
UK, France and over 30 nations plan a London meeting to discuss reopening the strait and a defensive escort mission.