U.S. Vice President JD Vance will travel to Pakistan on Tuesday to discuss ongoing tensions surrounding Iran. The situation has escalated as Iran has closed the Strait of Hormuz, a crucial oil transport route, and the U.S. has seized an Iranian cargo ship as part of its blockade efforts. A senior Iranian official indicated that Iran is contemplating joining peace talks in Pakistan, which could help address the blockade that hampers Tehran's involvement in peace negotiations. The current ceasefire is set to expire this week, and analysts from Citi have noted that there is a possibility for a Memorandum of Understanding (MOU) to be signed or for the ceasefire to be extended, potentially leading to a broader agreement. However, they also caution that the situation could evolve into a longer disruption if negotiations do not progress.