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In a statement regarding the extension of ceasefire agreement with Iran, US President Donald Trump said “It is very unlikely that under current circumstances we can extend the deal. Paraphrast.
Trump, speaking ahead of the ceasefire — which will end Wednesday evening Washington time — said conflict could be inevitable if an agreement was not reached between the parties.
US Vice President JD Vance will be traveling to Pakistan today and negotiations would continue within that framework, Trump said. His insistence, he maintained that the Strait of Hormuz would only be opened after a formal agreement was signed and said talks with Iran were “good for everyone.” The US President also said he may want to take part in the talks personally, but did not believe it was necessary.
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After Trump’s comments, markets shifted. A loss of 0 was extended to the S&P 500 index, which has since increased its losses to. Oil prices briefly rose by $1 for a short time, while 5% of oil prices were up.
On the other hand, Iranian statements on its side exacerbated uncertainty about negotiations. The Tehran administration’s decision not to participate in the talks remained unchanged, according to Tasnim News Agency, which has long been closely related to Iran. This indicated that diplomatic contacts between the parties had not yet made any concrete progress.
The Europeans also made assessments on the issue, too. Emmanuel Macron, French President of the United States, also criticised both the US and Iran for their views on closing the Strait of Hormuz, saying that both sides were taking the wrong step.
Furthermore, Axios reported that the US is preparing to host a new round of talks between Israel and Lebanon on April 23.
*This is not investment advice.
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