Trump indicated that this ceasefire is a temporary step to reduce tension in the region so that scope for dialogue can be created.
At least 14 Indian ships are currently stranded in the Strait of Hormuz, including large oil and gas vessels.
The US has tightened the maritime blockade around the Strait of Hormuz, and ships are now being turned back at gunpoint.
During the high-level meeting, various areas of cooperation between the two countries were reviewed and the rapidly changing situation in the region was discussed in detail.
Mark Carney in a 10-minute address said that his government is working to strengthen the Canadian economy by attracting new investment and signing trade agreements with other countries.
America held a top level meeting to review the situation amid increasing tension over the Strait of Hormuz. Security and defense officials participated in it.
Under an important agreement between India and Russia, the way has now been opened for deployment of a limited number of troops, warships and military aircraft in each other's territory.
US President Donald Trump is seen to have close relations with him in public, while on the other hand, the intelligence system and some strategic experts are cautious about his relations with Iran.
US President Donald Trump's administration has further extended the temporary waiver on the purchase of Russian oil.
Ships of the Indian and Pakistani navies arrived just 18 nautical miles apart from each other near the Strait of Hormuz, presenting a rare and unusual sight amid regional tensions.
Pakistan Prime Minister Shehbaz Sharif has arrived in Doha on a four-day regional visit, where he met the Emir of Qatar Sheikh Tamim bin Hamad Al Thani.
According to reports, some unidentified attackers opened fire on Amir Hamza outside the office of a news channel in Lahore.