President Donald Trump has said the ceasefire with Iran will be extended until bi-lateral talks to end the Middle East war have progressed.
In a social media post on Tuesday, Trump said the goodwill gesture is made at the request of Pakistan, which has mediated the first round of talks in its capital.
At the same time, Trump said the blockade of Iranian ports will also continue until Tehran presents a "unified proposal."
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.