Trump Extends Iran Ceasefire, Markets React

0:00It's April 22nd. Welcome to Calgary News Today, powered by AI. President Trump just announced he's extending the ceasefire with Iran indefinitely, right before it was set to expire on April 21st, 20-26. In a truth social post, he said he's keeping the naval blockade on ships in the Strait of Hormuz and holding off on strikes at Pakistan's request. Until Iran comes back with a new proposal and tops wrap up. Earlier threats from Trump flipped quick. He told CNBC he expected the bomb if demands weren't met, but now he's pausing for diplomacy. Vice President JD Vance's trip to Pakistan for fresh talks got scrapped when Iran bailed, calling U.S. conditions unreasonable and their news agency. Says no negotiations in sight. Markets reacted fast, oil dropped over $3 a barrel and stock futures bounced back some. Iran hasn't commented much yet, but sources say they didn't ask for the extension and won't reopen the strait while the blockades on. Pakistan's Prime Minister thank Trump for

1:03giving talks more time. This comes after a two-week true started. April 7th now in its eighth week with thousands dead and a global energy crunch. Past rounds failed over nuclear limits. Trump wants Iran's program ended and materials returned, but Tehran accuses the U.S. of violations and won't. Negotiate under threats. Experts say Trump's loud pressure might be backfiring. For now, the extension buys calm, but with fractured leadership on both sides and no clear deal, the standoff in Hormuz keeps the world watching. Close.