President Trump Extends Iran Ceasefire Deadline for Unified Proposal

President Donald Trump has announced an extension of the ceasefire deadline with Iran via Truth Social. This move aims to give the “deeply divided” Iranian government a chance to develop a unified proposal. Elie Kohanim, a former Deputy Special Envoy at the State Department, highlighted the immense economic pressures facing Iran, notably the loss of $500 million daily in oil revenue due to the U.S. blockade.

Trump described Iran as “starved for cash,” suggesting that the regime is losing substantial money each day because of the blockade. He elaborated that foreign nations are also experiencing financial downturns.

“Iran doesn’t want to close the Strait of Hormuz,” Trump stated. “They need it open to earn $500 million a day – that’s their loss if it stays closed! Instead, they wish to maintain appearances as I impose a strict blockade.” He shared that just days ago, people had approached him saying Iran wanted to reopen the Strait immediately. However, he warned that any agreement with Iran would be impossible unless significant actions were taken against the nation and its leadership.

Trump also claimed, “Iran is financially devastated! They seek to open the Strait of Hormuz urgently – they’re desperate for funds! They’re losing $500 million each day, and even military personnel aren’t being paid.” He reiterated this sentiment in another post later that night.

On Tuesday afternoon, Trump indicated his willingness to prolong the ceasefire in a Truth Social post. He mentioned that the Iranian government is facing internal divisions and that the request from Pakistan’s leadership contributed to the decision to pause attacks, allowing space for a unified proposal to emerge.

The President also instructed the military to sustain the blockade while remaining prepared for other actions, extending the ceasefire until suitable proposals are made and consultations are finalized.

Earlier on Tuesday, Iranian Foreign Minister Seid Abbas Araghchi responded by labeling U.S. actions that block Iranian ports as acts of war, escalating tensions. He warned that seizing a commercial ship and holding its crew would be an even greater infringement of the ceasefire agreement. Iran has reportedly fired upon three vessels in the Strait of Hormuz in a display of defiance.