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Trump Extends Iran Cease-Fire, US Blocks Shipping, Oil Jumps 6%

4/25/2026

38 6 Full Breakdown

Summary

Story summary

U.S. President Donald Trump announced an indefinite extension of the cease-fire with Iran.
Chinese President Xi Jinping publicly urged that normal shipping continue through the Strait of Hormuz.
The United States maintained the naval blockade, directing 28 commercial vessels to turn back and intercepting an Iranian-flagged cargo ship, which Iran called an act of war.
Crude-oil prices rose about 6 % on Monday and continued upward on Tuesday.

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Story summary

U.S. President Donald Trump announced an indefinite extension of the cease-fire with Iran.
Chinese President Xi Jinping publicly urged that normal shipping continue through the Strait of Hormuz.
The United States maintained the naval blockade, directing 28 commercial vessels to turn back and intercepting an Iranian-flagged cargo ship, which Iran called an act of war.
Crude-oil prices rose about 6 % on Monday and continued upward on Tuesday.