Trump's Hormuz Deadline Looms as Ceasefire Talks Stall

Apr 06, 2026 14:50 UTC

CL=F, ^VIX, XOM

Immediate term

The U.S. and Iran have not endorsed a proposed 45-day ceasefire, as President Trump's deadline for reopening the Strait of Hormuz approaches. Market uncertainty persists amid escalating tensions.

Trump has not approved a 45-day ceasefire proposal.
The U.S. and Iran are discussing a potential ceasefire with regional mediators.
Trump's deadline for Iran to reopen the Strait of Hormuz is 8 p.m. ET on Tuesday.
The White House has not endorsed the ceasefire idea.
Trump's social media threats have extended the pause on attacks.
The situation remains unresolved as the deadline nears.

President Donald Trump has not endorsed a 45-day ceasefire proposal that would take effect before his deadline for Iran to reopen the Strait of Hormuz or face major attacks on civilian infrastructure, a White House official confirmed to CNBC. The official, speaking anonymously, provided the update ahead of Trump's scheduled press conference. Trump's recent social media threats, including a profanity-laced warning about strikes on Iranian bridges and power plants, have heightened global tensions. The ceasefire idea, which could potentially end the five-week conflict, is being discussed by the U.S., Iran, and regional mediators, according to Axios. However, the White House official emphasized that Trump has not finalized approval of the proposal. Trump's belligerent rhetoric on Truth Social extended a previous 10-day pause on attacks, setting a new deadline for 8 p.m. ET on Tuesday. The situation remains fluid, with further developments expected as the deadline approaches.