Oil Markets React as President Trump Signals No Ceasefire Extension Without Agreement
President Trump has indicated that the United States is unlikely to extend the ceasefire with Iran unless a deal is reached. The ceasefire, initially announced on April 7, is set to expire soon, with President Trump emphasizing the importance of securing a favorable agreement. The U.S. naval blockade outside the Strait of Hormuz remains in place, affecting global oil shipping routes. Iran has expressed a desire to reopen the Strait, linking it to the lifting of the blockade. 
