• Iran states the Strait of Hormuz will remain closed as long as the US blockade persists.
• Iranian officials emphasize that negotiations will not be meaningful with the blockade in place.
• Trump extends the ceasefire to encourage potential diplomatic talks mediated by Pakistan.
• Iran's Revolutionary Guards have seized two ships in the strategic waterway amid rising tensions.
• Oil prices continue to fluctuate due to the uncertainty surrounding the ceasefire and blockade.

Iran has firmly stated that the Strait of Hormuz will not reopen as long as the US naval blockade remains in effect. Iranian Parliament Speaker Mohammad Bagher Ghalibaf emphasized that "a complete ceasefire only has meaning if it is not violated through a naval blockade," asserting that the reopening of the Strait of Hormuz is impossible under current conditions, which he describes as a blatant violation of the ceasefire, according to Al Jazeera, India Times, and Le Monde.

Adding to the tension, Iranian Revolutionary Guards reported seizing two ships attempting to navigate through the Strait of Hormuz. This action was characterized by Iran as a necessary measure to protect its borders against what it perceives as aggression from US forces. The military's statement followed Trump's extension of the ceasefire, which he termed as a strategic move to allow for potential negotiations with Tehran, according to India Times and Le Monde.

Despite the ceasefire extension announced earlier, Iranian officials remain skeptical about the prospects for peace talks, with Iranian Foreign Ministry representative Esmaeil Baqaei stating the government has not yet committed to upcoming negotiations proposed to be held in Pakistan. The political climate remains strained as each party accuses the other of violating ceasefire agreements while the blockade persists, according to Al Jazeera and India Times.

The geopolitical implications of the ongoing tensions are substantial, especially considering the crucial role the Strait of Hormuz plays in global oil transportation. As the US continues its naval blockade, market observers note fluctuations in oil prices, which have remained high since the outbreak of conflict on February 28, further complicating international economic stability and bilateral relations, according to Le Monde.