President Donald Trump is eager for the U.S. and Iran to make a deal—and fast. He said Tuesday morning that he does not want to extend the cease-fire, which is hours away from expiring.

“We don't have that much time,” he told CNBC, insisting that the U.S. is in a strong negotiating position and will likely emerge with a “great” deal.

Trump also warned that the U.S. will resume its assault of Iran if talks do not progress.

"I expect to be bombing because I think that's a better attitude to go in with. But we're ready to go. I mean, the military is raring to go," he said.

But with Iran insisting it will “not negotiate under threat and force,” it remains uncertain if Tehran will return to the table in Islamabad, Pakistan, for peace talks with Washington.

Esmail Baghaei, spokesperson for the Iranian Foreign Ministry, told state television Tuesday that "no final decision” had been made on whether Iran will attend talks, citing the uncertainty was due to "contradictory messages" from Washington.

“The reason for this is not indecision; it is the contradictory messages, contradictory behaviors, and unacceptable actions of the American side,” he argued.

The stalemate between the U.S. and Iran comes amid an escalating struggle over the Strait of Hormuz.

The U.S. Navy seized an Iranian ship in the Gulf of Oman over the weekend after it attempted to bypass the U.S. naval blockade. Iran argues both acts—the seizing of the cargo ship and the blockade itself—are violations of the cease-fire. 

The U.S., in turn, has accused Iran of violating the cease-fire by firing bullets in the Strait, which Tehran has had a chokehold over, crippling global trade, since the start of the war.

“Iran has violated the cease-fire numerous times,” Trump said Tuesday morning.

With the fragile cease-fire set to expire, and the prospect of further active fighting looming, Iranian parliament speaker Mohammad-Bagher Ghalibaf has warned that his country is “prepared to reveal new cards on the battlefield.”

Echoing the sentiments of other Tehran officials, he insisted Iran does not “accept negotiations under the shadow of threats.” 

Elsewhere, Ali Abdollahi, commander of Iran’s Khatam al-Anbiya Central Headquarters, said that the “management and control of the Strait of Hormuz” would not be “exploited by the lying and delusional U.S. President.”

U.S.-Iran peace talks remain uncertain as cease-fire expiration looms

While the U.S. delegation—once again led by Vice President J.D. Vance—are expected in Pakistan this week, Iran has yet to confirm whether it will attend.

As such, it remains to be seen if Vance, special envoy Steve Witkoff, and Trump’s son-in-law Jared Kushner will have anyone to negotiate with.

A previous marathon 21-hour negotiating session on April 11 notably ended without an agreement, making the stakes this time all the more higher, especially as the cease-fire is set to expire in the early hours of Wednesday, Iran time.

Despite the lack of official confirmation, Pakistan has moved to increase security in Islamabad ahead of the planned discussions.

In the meantime, Pakistan’s Foreign Ministry has urged both Iran and the U.S. to extend the two-week cease-fire in order "to give dialogue and diplomacy a chance."

World leaders seek resolution and full reopening of Strait of Hormuz

The full and toll-free reopening of the Strait of Hormuz, a crucial passage between the Persian Gulf and the Gulf of Oman through which around a fifth of global oil production flows, remains a key priority among global leaders.

U.K. Prime Minister Keir Starmer and French President Emmanuel Macron—who previously resisted Trump’s calls to send warships to the waterway—led an international summit in Paris last week, aimed at supporting freedom of navigation in the Strait.

The leaders have since confirmed they will establish a defensive multinational mission to protect merchant vessels and conduct mine clearance operations. Per a statement shared after the summit, this will only be enacted “as soon as conditions permit following a sustainable cease-fire agreement” as the mission will be “strictly defensive.”

Chinese President Xi Jinping, meanwhile, has called for “an immediate and comprehensive” cease-fire to ensure normal passage via the key trade passage.

Iran's long-standing chokehold on the transit of oil and gas has upended the global economy, causing major instability to energy prices around the world. From fuel shortages resulting in more expensive airline tickets to consumers feeling the pinch at gas pumps, the impact of the Strait being used as leverage continues to be felt far and wide.

Fatih Birol, the head of the International Energy Agency (IEA), on Tuesday said the Iran war has resulted in the "biggest" energy crisis in history. He noted that the disruption caused by the Middle East conflict is compounded with the negative impacts of Russia's war with Ukraine.

"The ⁠crisis is already huge, if you combine ​the effects of the petrol crisis and the ​gas crisis with Russia," he said.

E.U. ​countries have agreed to widen sanctions against ⁠Iran to “also target those responsible for breaches to freedom of navigation.” 

“Freedom of navigation is non-negotiable,” said the European Union’s chief of foreign affairs Kaja Kallas. “Daily U-turns, whether the Strait of Hormuz is open or closed, are reckless. Transit through the Strait must remain free of charge.”