It is believed talks are set to begin in the coming days as pressure mounts on the US and Iran to reach a lasting ceasefire. 

A ceasefire is in place in the region until Wednesday local time - with delegates expected to be meeting in Pakistan. 

President Donald Trump says he may not extend the ceasefire if a deal isn't reached and they take hold of Iran's enriched uranium. 

Iranian officials rejects claims its already agreed to handover uranium and are making demands like sanction relief and getting frozen funds unlocked. 

Geopolitical analyst Geoffrey Miller says this is why the deal is being brokered by Pakistan. 

"Things were looking up, there was talk that there was going to be another meeting in Pakistan - perhaps this Monday - between Iran and the United States...it seemed like everything was coming together." 

LISTEN ABOVE

• Iran closes Hormuz Strait again, as Trump warns against 'blackmail'
• 'Fragile situation': Luxon meets with world leaders as Iran declares Hormuz open
• PM Luxon to join 40 world leaders for Strait of Hormuz crisis talks
• Iran warns it'll block Red Sea if blockade continues; US sending thousands more troops
• Trump says Iran talks may resume this week; more than 20 ships transit Strait of Hormuz
• Pacific island declares state of emergency due to fuel supply risks
• Oil prices surge following US announcement of Hormuz blockade