US President Donald Trump announced that the United States will maintain its port blockade on Iran until a new agreement is reached. He stated that the blockade is exerting significant pressure on Iran’s economy. In a post on his social media platform Truth Social on Monday, Trump claimed that Iran is losing around 500 million dollars daily, creating instability within the country.

The statement came as the temporary ceasefire between the United States and Iran nears its end, and uncertainty grows over a second round of peace talks scheduled to take place in Pakistan. Iranian Foreign Minister Abbas Araghchi told his Pakistani counterpart Ishaq Dar in a phone conversation that the US’s “violation of the ceasefire” has become a major obstacle to diplomatic progress.

Araghchi added that Iran will consider all aspects of the situation before deciding its next steps. The developments come amid regional diplomatic efforts, with Pakistan mediating and China expressing full support for the dialogue process.