The two‑week US‑Iran ceasefire, announced on April 7, is set to expire later this week amid unclear peace‑talk prospects.
President Donald Trump accuses Iran of multiple ceasefire violations and says renewal is unlikely, while VP JD Vance may lead the US delegation.
Iran intermittently closed the Strait of Hormuz, a conduit for about 20% of global oil, triggering oil price spikes and inflation concerns.
A US seizure of an Iranian‑flagged cargo ship and renewed Hormuz closure have dampened Wall Street gains and kept crude above pre‑war levels.