The trip could be back on at a moment’s notice if Iran’s negotiators respond in a way that President Trump deems acceptable. U.S. officials are also looking for a clear signal that Iran’s negotiators have been fully empowered to reach an agreement.

UK: B-52 AT RAF FAIRFORD EARLIER TODAY, LOADED: FN

VANCE TO DEPART FOR PAKISTAN WEDNESDAY MORNING: CNN

U.S. IMPOSES NEW IRAN-RELATED SANCTIONS

IRAN PRIVATELY SIGNALLED YESTERDAY IT WOULD ATTEND, BUT TODAY INDICATED IT WOULD NOT: AXIOS

Iran FM: Blockading Iranian ports is an act of war and thus a violation of the ceasefire. Striking a commercial vessel and taking its crew hostage is an even greater violation.

Iran knows how to neutralize restrictions, how to defend its interests, and how to resist bullying.

IRAN’S UN ENVOY: OUR GOVERNMENT HAS ‘RECEIVED SOME SIGN’ THE US IS READY TO STOP THE BLOCKADE

When asked how hopeful he is he about the possibility of new negotiations, the ambassador replied: “We should give the chance — we hope.”

At the United Nations in New York, Iran’s UN Ambassador Amir Saeid Iravani has just told a few of us (journalists) that Tehran has received some signs that the US is ready to end their blockade: BBC

IRAN WILL NOT TO ATTEND WEDNESDAY PAKISTAN TALKS - TASNIM (STATE MEDIA) CITES SOURCE

Iran won't attend a new round of talks. Official says Pakistan told Iran that Trump will lift the naval blockade in final hours of the ceasefire. If that happens & ceasefire extended, new talks could happen Thursday: DropSite

Vance trip to Pakistan has been postponed until further notice

(Not cancelled)

Trump: STATEMENT OF PRESIDENT DONALD J. TRUMP: Based on the fact that the Government of Iran is seriously fractured, not unexpectedly so and, upon the request of Field Marshal Asim Munir, and Prime Minister Shehbaz Sharif, of Pakistan, we have been asked to hold our Attack on the Country of Iran until such time as their leaders and representatives can come up with a unified proposal. I have therefore directed our Military to continue the Blockade and, in all other respects, remain ready and able, and will therefore extend the Ceasefire until such time as their proposal is submitted, and discussions are concluded, one way or the other.

Tldr: Ceasefire extension (as expected) and blockade Continue (not so expected)

(imo -ve slightly (little bit) because SOH will be still closed

But overall 🍔 news,

Ceasefire means absolutely nothing unless SOH opens

TRUMP DOING HEADLINE TERRORISM )

Khamenei is expected to give his response to the latest proposal on Wednesday, Israeli source to Axios

Two vessels were attacked by IRGC this morning as they tried to cross Strait of Hormuz

Also Confirmed by UKMTO

April 17/20: The world has lost over $50 billion worth of crude oil that has not been produced since the Iran ‌war began nearly 50 days ago and the aftershock of the crisis will be felt for months and even years to come, according to analysts and Reuters calculations.

Since the crisis began at the end of February, more than 500 million barrels of crude and condensate have been knocked out of the global ⁠market, according to Kpler data

Put differently, 500 million barrels of oil lost to the market is equivalent to:

- Curtailing aviation demand globally for 10 weeks; no road travel by any vehicle globally for 11 days; or no oil for the global economy for five days, said Iain Mowat, principal analyst at Wood Mackenzie.
- Nearly a month of oil demand in the United States, or more than a month of oil for all of Europe, according to Reuters estimates.
- Roughly six years of fuel consumption for the U.S. military, based on annual usage of about 80 million barrels from fiscal year 2021.
- Enough fuel to run the world's international shipping industry for around four months.

* With crude prices averaging around $100 a barrel since the conflict began, those missing volumes represent roughly $50 billion ⁠in lost revenues, said Johannes Rauball, a senior crude analyst at Kpler. That equates to a 1% cut in Germany's annual gross domestic product, or roughly the entire GDP of smaller countries such as Latvia or Estonia.

* Heavier crude fields in Kuwait and Iraq could take four to five months to return ⁠to normal operating levels, extending stock draws through the summer, Rauball said. Damage to refining capacity and Qatar’s Ras Laffan LNG complex means full restoration of regional energy infrastructure could take years.

SOH effectively Closed

fyi: nobody gives a fck about Ceasefire, Iran did not ask for an extension of the ceasefire at all)

Time Is Running Out

Russia is planning to halt the flow of Kazakh oil to Germany through the Druzhba pipeline, threatening a refinery that supplies almost all of Berlin’s petrol and heating fuel.

The move will hit the PCK refinery, it supplies 90% of the petrol, kerosene and heating fuel to the German capital, its airport and surrounding region: FT

IRGC Navy seized two violating ships and transferred them to the coast of Iran: Iran State Media

EPAMINODES and MSC-FRANCESCA