Oil prices jump again on Iran war "re-escalation risks," despite Tehran saying it has shared another set of revised peace deal terms with the U.S.

President Donald Trump says he is holding off on a military strike on Iran planned for Tuesday because “serious negotiations” are underway.

The United States and Iran have signalled they will hold a new round of ceasefire talks in Pakistan, two regional officials said Tuesday, as leaders on both sides warned they were prepared for more fighting if a fragile two-week truce expires without a deal.

President Donald Trump huddled with his national security team Tuesday afternoon at the White House facing a major decision: what to do next with Iran.

The extension was announced just hours before it was set to expire. The president did not provide details on how long the new ceasefire extension will last.

Trump told Axios on Sunday that 'the clock is ticking' for Iran and the U.S. to reach an agreement to end the war

Brent crude nears $105 as Trump calls Iran ceasefire on 'massive life support,' raising geopolitical risk premiums and pushing oil prices higher.

U.S. war on Iran and the West Asia crisis, with Lebanon and Israel extending ceasefire and the world facing the economic consequences of the war.