US President Donald Trump said on Tuesday that he did not want to extend a ceasefire with Iran, citing a strong negotiating position and a desire for a 'great deal'. The ceasefire is set to expire on Wednesday.
Trump expressed confidence in the US position, stating that Washington would end up with a favorable agreement. However, officials in Washington have expressed confidence that talks with Iran will proceed in Pakistan, with a senior Iranian official indicating that Tehran is considering joining.
With the prospect of further peace talks uncertain, Trump issued a threat to Iran, warning that the US would resume attacks if a deal is not struck soon. He also stated that the US military is 'raring to go' and that he expects to be 'bombing' Iran in the near future.
The US has imposed a blockade on Iranian ports to pressure Tehran into ending its control over the Strait of Hormuz, a key shipping lane. Iran's grip on the strait has sent oil prices soaring, with Brent crude trading near $95 per barrel on Tuesday.