President Donald Trump has extended the U.S.-Iran ceasefire at Pakistan’s request, keeping the naval blockade outside the Strait of Hormuz in place while talks remain stalled. The move comes as oil markets show little change, with Brent crude trading near $98 a barrel. The two‑week truce, announced on April 7, was set to expire on Wednesday evening Washington time, a day later than many analysts had expected. Trump had earlier said it was “highly unlikely that I’d extend it” if no deal materialised before then. Brent crude has stayed flat at about $98 per barrel in early Asian trade, and the U.S. blockade remains active outside the Strait of Hormuz. JD Vance’s trip to Pakistan for talks is reportedly on hold, and the ceasefire extension is tied to a unified proposal from Iranian leaders. Trump told Bloomberg News, “I’m not going to be rushed into making a bad deal. We’ve got all the time in the world,” and added that the U.S. would “continue the blockade and remain ready and able” until a proposal is submitted. He also noted that the request came “on the request of Field Marshal Asim Munir and Prime Minister Shehbaz Sharif of Pakistan.” The U.S. is keeping the naval blockade outside the Strait of Hormuz, which Iran has called a “siege” and a violation of the ceasefire. Oil prices were little moved on the news of ceasefire extension, with Brent Crude trading mostly flat at about $98 per barrel in early Asian trade.