Pakistan calls for a two-week ceasefire. Trump says the U.S. is engaged in "intense negotiations" regarding a war with Iran.

Against the backdrop of uncertain prospects for negotiations between the United States and Iran, geopolitical risks have further escalated, putting pressure on the global energy market and economic outlook. U.S. President Trump has stated that "intense negotiations" are currently taking place on the issue of Iran, with Pakistan previously suggesting a two-week extension of the deadline for reopening the Strait of Hormuz. Trump mentioned in a media interview that he cannot disclose more details at the moment, but the White House has taken note of the proposal and will respond accordingly. Prime Minister of Pakistan, Shahbaz Sharif, stated that the negotiations are "progressing steadily" and suggested that Iran open the Strait of Hormuz for two weeks as a goodwill gesture to buy more time for negotiations. However, the situation remains tense. Trump has previously threatened that if Iran does not make concessions before the deadline, the U.S. may carry out a large-scale strike on its infrastructure. These strong statements momentarily led Iran to suspend participation in some diplomatic communications, but with the mediation of various parties, negotiations are still advancing. On the military front, the U.S. and Israel continue to carry out strikes against Iran. U.S. officials stated that the latest round of actions targeted key facilities on Harak Island, but did not directly involve energy infrastructure. Meanwhile, the risk of escalation of conflict still exists, with Trump even warning of "catastrophic consequences" if the situation spirals out of control. Affected by the negotiation news, oil prices saw a decline in after-hours trading. Brent crude prices briefly dropped from around $109 to around $104.5, showing that the market still holds some hope for a de-escalation of the situation. However, from a more macroeconomic perspective, this conflict has already had a significant impact on the global economy. Managing Director of the International Monetary Fund, Kristalina Georgieva, stated that due to the effects of the war, the organization will lower its global economic growth forecast. She pointed out that they were originally considering raising the forecast for 2026, but the impact of the conflict has forced them to revise their outlook downwards. The current conflict has resulted in over 5,200 deaths and has affected numerous energy facilities in the Middle East, posing a serious threat to global energy supply. The Strait of Hormuz, a key passage for about one-fifth of global oil shipping by sea, has become a focal point of market concern.