04-13-2026 - US-Iran Ceasefire Collapses as Trump Sets New Deadline

After U.S. strikes and an ultimatum, Washington and Tehran reached a short-lived, Pakistan-brokered ceasefire tied to reopening the Strait of Hormuz, but it quickly unraveled as Israeli operations continued and talks collapsed over U.S.-backed demands for a long-term halt to Iran’s uranium enrichment. The U.S. has since imposed a naval blockade, Iran is threatening retaliation and asserting control over the strait, and global markets face rising risks—from disrupted oil flows and higher inflation to potential supply shortages—as tensions continue to escalate.