The US has extended its ceasefire with Iran, albeit a fragile one, as Washington’s strategy shifts. While Tehran continues to hold its grip over the Strait of Hormuz, keeping global energy markets on edge, the US maintains its naval blockade on Iranian ports. Behind the truce lies a mounting strain – depleting US munitions. The three-week extension of a parallel ceasefire between Israel and Lebanon has offered a narrow opening for de-escalation. The US extended its ceasefire with Iran indefinitely this week. The announcement came after President Donald Trump signalled that the US Navy will maintain its blockade of the Strait of Hormuz until a deal has been achieved. While peace talks in Islamabad on April 11 and 12 failed to produce a breakthrough, the extension of the albeit fragile truce indicates Washington’s willingness to de-escalate. A US delegation of envoys, including Steve Witkoff and Jared Kushner (Trump’s son-in-law), will head to Pakistan’s capital city.…