"We have been asked to hold off on our attack on Iran until their leaders and representatives can agree on a proposal," the president writes on Truth Social and continues:
"I have therefore instructed our military to continue the blockade and, in all other respects, remain ready and capable, and will therefore extend the ceasefire until their proposals have been presented and the discussions are concluded, one way or another."
The announcement came barely four hours before the ongoing ceasefire was due to expire, which, according to Pakistan, would have occurred at 1:50 a.m. on Wednesday, local time in Sweden.
In parallel, Iran announced that it will not send a delegation to Pakistan's capital Islamabad for a second round of peace talks on Wednesday, according to information from the Iranian state news agency Tasnim.
The reason is stated to be that the US has not backed down from its "excessive demands," which are considered to be contrary to Iran's rights as a state.
Vance trip postponed
The White House confirms that Vice President JD Vance's planned trip to Islamabad has been postponed indefinitely.
Pakistani Prime Minister Shehbaz Sharif thanks Trump for listening and writes on X that Pakistan's "sincere efforts to reach a negotiated solution to the conflict" continue. Sharif does not rule out the possibility of the "second round of talks in Islamabad" taking place.
Trump's new statement came after he told the media company CNBC earlier on Tuesday that he did not intend to extend the ceasefire.
Shifting signals
There have been mixed signals over the past 24 hours about the prospects for a new round of peace talks this week. Many media outlets have reported that both the US and Iran were ready to talk.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf, who led Tehran's delegation at the latest talks, has also warned that Iran has new options to use on the battlefield if the war resumes.
"We do not accept negotiations under threat," he wrote in a post on X.
Markets are reacting cautiously to Trump's statement. Just over an hour after the announcement, the futures price of North Sea oil dropped from $100.4 to $99.3 per barrel.
This means it is still up 4 percent for the day.
