Trump signals no extension of truce ahead of scheduled peace talks; oil down:
President Donald Trump signaled he is unlikely to extend a two-week ceasefire with Iran set to expire in two days, as Tehran has yet to confirm participation in talks aimed at ending the Middle East conflict and restoring global trade stability.
Trump told Bloomberg in an interview on Monday that the ceasefire expires on Wednesday evening in Washington, and he is “not going to be rushed into making a bad deal.”
He said the Strait of Hormuz would stay blockaded for now, and “I’m not opening it until a deal is signed.”
Mohammed Bagher Qalibaf, Iran’s chief negotiator and parliament speaker, wrote in a post on X early Tuesday that “We do not accept negotiations under the shadow of threats,” and the Islamic Republic has been preparing “to reveal new cards on the battlefield.”
Oil prices were trading 1% lower on Tuesday, with WTI crude (CL1:COM) trading at $86.47/bbl at press time, and Brent (CO1:COM) was down at $94.73.
#WhatNextForUSIranConflict #Kalshi’sDisputewithNevada
