Trump Rules Out Extending Iran Ceasefire Without a Deal, Markets Hold Their Breath

President Trump told Bloomberg he is unlikely to extend the U.S.–Iran ceasefire without a deal and said the Strait of Hormuz will remain closed to open shipping until a deal is signed, keeping tensions high as oil markets edge lower on cautious optimism that talks may resume; Iran warned that security of Hormuz comes at a cost, while analysts warned that market hopes could be overly optimistic amid the standoff.