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Oil Markets on Edge as Trump Signals No Ceasefire Extension Without Agreement

  • On Tuesday, President Donald Trump stated it is "highly unlikely that I'd extend" the two-week ceasefire with Iran if no deal is reached, as the truce expires Wednesday evening Washington time.
  • The United States naval blockade of the Strait of Hormuz, which began April 13, remains in effect to pressure Tehran; Central Command reports 27 vessels have been turned back, while Trump wrote the blockade costs Iran $500 Million Dollars daily.
  • As U.S. officials head to Islamabad, negotiators including Vice President JD Vance, Jared Kushner, and Middle East Steve Witkoff will resume talks, with Vance expected to join "either Tuesday night or Wednesday morning," Trump said.
  • Iran has "no plans for the next round" of talks according to a spokesman for the Iranian foreign ministry, though President Masoud Pezeshkian stated that "every rational and diplomatic route should be used to reduce tensions."
  • Rejecting claims of pressure, Trump asserted the new agreement will be "far better" than the 2015 JCPOA; he warned that Tehran will face "problems like they've never seen before" without an agreement.
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By Aileen Graef, Kevin Liptak and Maureen Chowdhury, CNN. US President Donald Trump said he now sees the ceasefire with Iran as extending until "Wednesday night, Washington time," but that it is "very unlikely" he will extend it further if no agreement is reached. "It's very unlikely I'll extend it," Trump told Bloomberg in a phone interview. The ceasefire was originally scheduled to last two weeks and began on the night of April 7. "I'm not goi…

·Idaho Falls, United States
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Impulsobaires broke the news on Monday, April 20, 2026.
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