On Day 46 of the US-Iran conflict, President Donald Trump announced that the US military has initiated a blockade of all Iranian ports and coastal areas, escalating tensions in the region. In response, Iran threatened to target ports in the Persian Gulf and the Gulf of Oman. Trump had previously warned that any Iranian warships approaching the blockade would be destroyed. Ceasefire talks held over the weekend ended without an agreement, leading to uncertainty as the current truce is set to expire on April 22. Despite this setback, sources indicate that both the US and Iran are considering a second round of negotiations, potentially hosted in Islamabad, Pakistan, to reach a resolution before the ceasefire ends. Additionally, Iran's representative to the United Nations has demanded compensation from five Middle Eastern countries involved in the US and Israeli war efforts against Iran. Meanwhile, the Israeli military continues its offensive against Hezbollah militants in southern Lebanon, further complicating the conflict landscape. Amid these developments, financial markets reacted modestly, with oil prices easing after a spike above $100 per barrel following the failed ceasefire talks.