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Pakistani officials said Tuesday that Islamabad has proposed a second round of talks to the U.S. and Iran, while U.S. Vice President JD Vance earlier said negotiations with Iran “did make some progress" and U.S. President Donald Trump said Monday “we’ve been called by the other side” and “they want to work a deal.”

The Pakistani officials spoke on condition of anonymity because they were not authorized to discuss the matter with the press.

A senior Hezbollah official on Monday said the Lebanese militant group will not abide by any agreements that may result from direct Lebanon-Israel talks set to start Tuesday in Washington.

Lebanese officials hope to broker a ceasefire in the Israel-Hezbollah war that has killed at least 2,089 people in Lebanon. Israeli Prime Minister Benjamin Netanyahu has said he doesn’t want a ceasefire and the goal is Hezbollah’s disarmament and a potential peace agreement between Lebanon and Israel.

A U.S. blockade of Iranian ports that began Monday and Iran’s threatened retaliation set up an extraordinary showdown posing serious risks for the global economy and raising the specter of a ceasefire collapse and resumed fighting.

Here is the latest:

Asian stocks were trading higher tracking and oil fell on Tuesday as expectations rose over a possible second round of talks between the U.S. and Iran.

Benchmark U.S. crude fell 1.7% early Tuesday to $97.37 a barrel. Brent crude, the international standard, was down 0.9% to $98.49 per barrel.

Tokyo’s Nikkei 225 was up 2.3% to 57,804.81. South Korea’s Kospi jumped 2.7% to 5,968.06.

Hong Kong’s Hang Seng rose 0.5% to 25,783.41, while the Shanghai Composite index climbed 0.5% to 4,007.93.

Oil prices continued to pull back on Tuesday from earlier gains.

Pakistan has proposed hosting a second round of talks between the United States and Iran in Islamabad in the coming days, before the end of the ceasefire, two Pakistani officials said.

The officials, who spoke on condition of anonymity because they were not authorized to discuss the matter with the press, said the proposal would depend on whether the parties request a different location.

One of the officials said that, despite ending without an agreement, the first talks were part of an ongoing diplomatic process rather than a one-off effort.

— By Munir Ahmed

A man drives his motorbike with a poster on its windshield depicting Iran's Supreme Leader Ayatollah Mojtaba Khamenei, top, and his father, the slain Supreme Leader Ayatollah Ali Khamenei, who was killed in the U.S. and Israel strikes on Feb. 28, in downtown Tehran, Iran, Monday, April 13, 2026. (AP Photo/Vahid Salemi)

President Donald Trump speaks with reporters outside the Oval Office of the White House, Monday, April 13, 2026, in Washington. (AP Photo/Alex Brandon)

A man flashes a victory sign as he carries an Iranian flag in front of an anti-U.S. billboard depicting the American aircrafts into the Iranian armed forces fishing net with signs that read in Farsi: "The Strait of Hormuz will remain closed, The entire Persian Gulf is our hunting ground," at the Eqelab-e-Eslami, or Islamic Revolution Square in downtown Tehran, Iran, Monday, April 13, 2026. (AP Photo/Vahid Salemi)

A woman reacts at the site of a damaged residential building after it was struck by a projectile fired from Lebanon, in Nahariya, northern Israel Monday, April 13, 2026. (AP Photo/Ariel Schalit)

Mohammed, 8, cries next to the coffin of his father, Hussein Makkah, during the funeral of 13 state security officers killed the previous day in an Israeli strike in Lebanon’s coastal city of Sidon, Lebanon, Saturday, April 11, 2026. (AP Photo/Emilio Morenatti)