Trump rules out extending ceasefire, says 'deal is preferable'

As the fragile ceasefire hangs by a precarious thread, United States President Donald Trump said he ​was ⁠not thinking about extending the ⁠ceasefire ‌with Iran.

In an interview with ABC reporter Jonathan ​Karl, Trump said, "It could ‌end ⁠either way, but I ‌think ‌a ‌deal ‌is preferable because then they ⁠can ⁠rebuild"

The comment comes on the heels of Trump declaring that peace talks could be resumed in the next two days.

Recently delegations from US and Iran convened in Islamabad to reach a consensus regarding the six-week-war. After 21 hours of marathon talks, both camps failed at achieving a deal and blamed each other for the breakdown of talks

Trump told ABC News Chief Washington Correspondent Jonathan Karl, "I think you’re going to be watching an amazing two days ahead," he said. "I really do."

US Vice President J D Vance—who was heading the US delegation—blamed stressed that if America’s “red lines” on Iran’s nuclear ambitions are met, “then this can be a very, very good deal for both countries.”

Iran on the other hand, pointed fingers at US for not gaining Iran's trust.

After the talks ended, US threatened to impose a blockade in the Strait of Hormuz. Iran has currently closed this vital strait which is responsible for 20 per cent of world's maritime trade.

The closure of this strait has sent the world's oil trade in a tailspin, sending crude prices skyrocketing through the roof.