Trump Extends Iran Ceasefire to April 22 2026, Demands Hormuz Navigation, Oil Volatility Surges

President Trump extended the Iran ceasefire deadline to April 22, 2026, at Pakistan’s request while awaiting a unified Iranian proposal. He set freedom of navigation through the Strait of Hormuz as a core condition, threatening to obliterate key Iranian infrastructure if unmet. Oil markets are on edge, with Chinese tankers rerouting and volatility spiking ahead of weekend talks.