Trump Extends Iran Ceasefire Indefinitely; WTI Slides Back Below $90

President Donald Trump said the U.S.-Iran ceasefire will be extended indefinitely, walking back remarks from earlier in the day in which he said he did not want to prolong the truce and was "ready to resume bombing" if no deal was reached. The U.S. naval blockade of Iranian ports remains in place. Vice President JD Vance has also put on hold plans to travel to Pakistan for a second round of peace talks. Oil prices retreated after the announcement. WTI crude fell back below $90 a barrel after earlier touching $91.50. The shift followed a day of signals pointing toward renewed escalation. Trump told CNBC's "Squawk Box" that he expected "to be bombing" and said the U.S. military was "raring to go." Iran's foreign minister, Abbas Araghchi, had called the U.S. blockade an "act of war" and said Tehran would not negotiate "under the shadow of threat." Steve Witkoff, Jared Kushner, Marco Rubio and Pete Hegseth were seen at the White House for afternoon policy meetings ahead of the announcement. The original two-week ceasefire, reached on April 7, had been due to expire Wednesday evening ET. Peace talks in Islamabad remain unsettled, with no Iranian delegation confirmed.