"Good news about a second round of talks may come as soon as Friday," Trump said about the Iran peace talks.

Hours after extending the ceasefire with Iran, President Donald Trump said on Wednesday that there is good news about a second round of talks that could happen as soon as Friday. According to a report from the NY Post, he said there is a new chance for peace talks to happen in the next 36 to 72 hours.

Earlier in the day, Trump agreed to an indefinite ceasefire with Iran at Pakistan's request. He said this was to give Tehran's divided leadership time to come up with a unified plan to end the seven-week war.

Pakistan's top leaders were happy to hear the shocking news, which came just hours before the two-week ceasefire that was supposed to end on April 8. The extension pushed back the planned trip of a US delegation led by Vice President JD Vance to Islamabad for peace talks with Iranians.

The White House said that Vance and US special envoys Steve Witkoff and Jared Kushner's "trip to Pakistan will not be happening today (Tuesday)." They were supposed to leave for Islamabad on Tuesday.

"Because the Iranian government is very divided, which isn't surprising, and at the request of Field Marshal Asim Munir and Prime Minister Shehbaz Sharif of Pakistan, we have been asked to hold off on our attack on Iran until their leaders and representatives can come up with a unified proposal," Trump said in a statement on Tuesday.

Trump did say, though, that the US would not attack Iran until its leaders come up with a single plan for negotiations. He said that the economic blockade of Iran's ports would stay in place. The President of the United States said that is why he has "directed the military to continue the blockade."

Iranian Foreign Minister Seyed Abbas Araghchi slammed the US, saying that blocking Iranian ports is "an act of war and thus a violation of the ceasefire." "Attacking a commercial ship and taking its crew hostage is an even worse crime. "Iran knows how to get around restrictions, protect its interests, and stand up to bullying," he wrote on social media.

The US said on Tuesday that its troops boarded an oil tanker that had already been banned from bringing Iranian oil into Asia. The Pentagon said that US troops boarded the M/T Tifani without any problems. The US military didn't say where the boarding took place, but ship-tracking data showed that the ship was in the Indian Ocean between Sri Lanka and Indonesia on Tuesday. The Pentagon also said that ships that have been banned from entering international waters are not safe there.

Trump's announcement of a ceasefire came after days of intense diplomatic activity between officials in Washington, Islamabad, and Tehran, who were trying to come up with a draft proposal that everyone could agree on.

Witkoff and Kushner were scheduled to leave Miami for Islamabad Tuesday morning, but were instead asked to attend “additional meetings” at the White House. Vance, who was also scheduled to visit Pakistan, participated in the talks in Washington.

The decision to extend the ceasefire was a significant shift in tone for Trump. Earlier on Tuesday, he said that if a deal was not reached by Wednesday, he expected to "be bombing, because that is a better attitude to go in with." The military was “ready to go,” he added.

During his only public appearance of the day, when he spoke to NCAA collegiate national champions at the White House on Tuesday afternoon, Trump did not mention the conflict or the talks with Iran.

Shehbaz Sharif, the Prime Minister of Pakistan, thanked Trump for extending the ceasefire with Iran and said he hoped that both sides could "conclude a comprehensive peace deal" to end the war.

He wrote on social media, "On my own behalf and on behalf of Field Marshal Syed Asim Munir, I sincerely thank President Trump for graciously accepting our request to extend the ceasefire to allow ongoing diplomatic efforts to take their course."

Sharif said that "with the trust and confidence placed in (it), Pakistan will keep working hard to reach a peaceful end to the conflict." "I truly hope that both sides will keep the ceasefire and be able to reach a full 'Peace Deal' during the second round of talks in Islamabad, which are meant to bring the conflict to an end for good," he said.

The Prime Minister's Office said that Reza Amiri Moghadam, the Islamic Republic of Iran's ambassador, called on Prime Minister Sharif to talk about the current situation in the region and efforts to make peace. The PMO said that the two talked about the "ongoing regional situation and peace efforts."

In the meantime, Treasury Secretary Scott Bessent said that 14 people, businesses, and planes based in Iran, Turkey, and the United Arab Emirates would be hit with sanctions for allegedly helping the Iranian government get or move weapons or parts of weapons.

Bessent said, "The Iranian government must be held responsible for stealing from the world's energy markets and firing missiles and drones at civilians without reason."

He said that Iran's Kharg Island storage facilities could fill up in a matter of days, which could mean that fragile oil wells would have to shut down. He said, "Limiting Iran's maritime trade directly targets the regime's main sources of income."

The US put the blockade in place to force Tehran to stop blocking the Strait of Hormuz, which is a key shipping lane through which about 20% of the world's natural gas and crude oil flows in peacetime.

Iran's control of the strait has caused oil prices to rise sharply. Brent crude, the international standard, was trading at almost $95 a barrel on Tuesday. This is more than 30% higher than it was on February 28, the day Israel and the US started bombing Iran, which started the war.

Pakistan asked for the truce to be extended because the second round of talks is still expected to happen later this week, but it is not clear when they will happen. But it was still not clear when the next round of talks would take place. Pakistan has put in place a lot of security measures, such as sending more than 10,000 security personnel to the area, in order to get ready for the proposed talks.

The first round of talks between the US and Iran on April 11 and 12 did not lead to any progress. This led to a lot of diplomatic activity by Pakistan, the host country, to calm things down and raise hopes for more talks. Pakistan's Deputy Prime Minister Ishaq Dar asked both sides on Tuesday to extend the two-week ceasefire and give diplomacy a chance, even though the talks are still up in the air. The US and Israel attacked Iran on February 28, starting the war.