President Trump Says the U.S. Will Extend the Iran Cease-Fire

President Trump announced today that the U.S. will extend its ceasefire with Iran, which was set to expire tomorrow, while maintaining a blockade of Iranian ports until Tehran presents a “unified proposal.” The announcement came as Kevin Warsh, Trump’s nominee for Federal Reserve chair, faced a tense confirmation hearing where senators pressed him on Fed independence and his relationship with the president. Meanwhile, energy costs are beginning to hit electricity bills in Hawaii and Alaska, the first U.S. states to feel the pinch from rising oil prices tied to the Middle East conflict.

The Iran Ceasefire Extension and Escalating Pressure

President Trump said on Truth Social that the U.S. will extend its two-week ceasefire with Iran and continue blockading the country’s ports until its leaders come forward with a “unified proposal.” The announcement came one day before the ceasefire was scheduled to end. Iran has accused the U.S. of committing an act of war by blockading its ports, and negotiations remain in limbo — Iran has not yet decided whether to send a delegation to Pakistan for peace talks, and Vice President J.D. Vance paused plans to travel to Pakistan today. Overnight, U.S. forces boarded a crude oil tanker that had previously been sanctioned for working with Iran. In an interview with CNBC this morning, Trump said he wants to make sure the threat from Iran is end