US President Donald Trump indicated positive developments in negotiations with Iran, suggesting that a short-term ceasefire could be established, with a comprehensive peace agreement potentially finalized within 60 days. This follows a recent US-brokered ceasefire involving Israel and Lebanon, which temporarily reopened the Strait of Hormuz, a critical global oil transit point. However, Trump warned that the ceasefire might not be extended without a long-term deal by the upcoming Wednesday deadline. The ongoing conflict, which began on February 28, has significantly impacted oil prices and shipping routes. Talks are expected to take place in Islamabad, but logistical challenges remain. Iran's parliament speaker has threatened to close the strait again if the US blockade continues. Additionally, the future of Iran's nuclear program remains a contentious issue in the negotiations, with both sides proposing different timelines for halting nuclear activities. Despite Trump's optimism, Iranian officials have indicated that significant gaps in the negotiations still need to be addressed.