Trump Extends Iran Ultimatum to April 6, Global Impact Feared

• US President Donald Trump extends the deadline for Iran to April 6, 2026, halting attacks on energy facilities for 10 days.
• The decision follows requests from the Iranian government and positive discussions, with Iran allowing 10 US oil tankers through the Strait of Hormuz.
• Trump calls Iran's move a "gift," indicating Tehran's readiness to end the conflict, while the US presents 15 conditions via Pakistan.
• India faces potential petrol/diesel price hikes and LPG shortages if the Strait of Hormuz conflict escalates after April 6, impacting 85-90% of its crude oil imports.
• Global instability due to US-Iran tensions causes stock market volatility, foreign investor withdrawal, and rupee depreciation, making imports more expensive.