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.

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.

Tehran’s ‌armed forces ready to deliver ‘decisive’ response to any renewed hostile ​action as ceasefire nears end

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.

As it remains uncertain whether Tehran will return to the negotiating table, Trump warned the U.S. will resume its assault of Iran if talks don't progress.

US President also said he would continue the US Navy's blockade of Iran's trade by sea, considered an act of war by Tehran

President Trump said he's extending the ceasefire until Iran has submitted a proposal in talks with the U.S. "and discussions are concluded."

DUBAI/WASHINGTON, April 24 (Reuters) - Israel and Lebanon extended their ceasefire for three weeks at a meeting at the White House brokered by U.S. President Donald Trump, who said he was prepared to wait for "the best deal" to end his conflict with Iran.

The president has sought to force Iran to accept his terms on its nuclear program or else face renewed war. An emboldened Iran has rebuffed Trump’s demands.