Trump says Iran truce extension unlikely, Hormuz stays shut
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Article contentUnited States President Donald Trump said it’s “highly unlikely” he would extend the two-week ceasefire with Iran if a deal is not reached before it ends, and said the Strait of Hormuz would remain blocked until an agreement is finalized.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentTrump said in a Monday phone interview that Vice President JD Vance would leave later in the day to resume negotiations in Pakistan, which he said are set to begin Tuesday.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article content“I’m not going to be rushed into making a bad deal. We’ve got all the time in the world,” the president said.Article contentArticle contentTrump said it’s “highly unlikely that I’d extend it” when asked about the truce, which he announced April 7. Trump said the expiration of the ceasefire occurs on Wednesday.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article content“It’s Wednesday evening,” the president said. “Wednesday evening Washington time.”Article contentThe S&P 500 index touched session lows on Trump’s comments, before paring losses. Oil prices extended gains with both benchmarks trading up more than five per cent. Investors are keeping a close watch on how or when energy flows through the strait will meaningfully resume.Article contentThe price of crude has increased as the U.S. maintains its blockade on the strait and the Navy seized an Iranian-flagged ship. But the president insisted “I’m not opening it up.”Article content“They want me to open it. The Iranians desperately want it opened. I’m not opening it until a deal is signed,” Trump said.Article contentTehran has said it has no plans to attend the potential negotiations — which would aim for an agreement to formally end the seven-week conflict — though a final decision hasn’t been made, Foreign Ministry spokesman Esmail Baghaei told reporters on Monday.Article contentArticle content“There are various indications that there is no seriousness on the U.S. side in advancing diplomacy,” Baghaei said.Article contentThe president said that a meeting with Iran to talk peace terms could work out well for everybody. He said he would love to attend the talks in person, but did not think it would be necessary.Article contentAsked if he expects fighting to resume immediately afterward if there’s no deal, Trump said “If there’s no deal, I would certainly expect.”Article contentIran is reviewing a U.S. proposal delivered during a visit by Pakistan’s army chief Asim Munir, Baghaei said, according to the semi-official Iranian Students’ News Agency. The details of the offer were not disclosed.Article contentBloomberg.comArticle contentTrending Posthaste: Canada's home prices have now been falling for four years — and haven't hit bottom yet News Subscriber only. Why the CEOs of Canada's big banks are optimistic even as the economy lags Subscriber only Finance Thanks to government policy, your 60/40 portfolio may not cut it under stress Investor Garry Marr: Canada's REIT sector is shrinking fast. For investors, that might be a good thing Real Estate Canada's inflation rate jumps to 2.4%, fuelled by gas price shock News Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Posthaste: Canada's home prices have now been falling for four years — and haven't hit bottom yet News Subscriber only. Why the CEOs of Canada's big banks are optimistic even as the economy lags Subscriber only Finance Thanks to government policy, your 60/40 portfolio may not cut it under stress Investor Garry Marr: Canada's REIT sector is shrinking fast. For investors, that might be a good thing Real Estate Canada's inflation rate jumps to 2.4%, fuelled by gas price shock News