The U.S.-Iran ceasefire will not expire on Wednesday afternoon after all.
Stocks fell on the New York Times report. Trump, in the Squawk Box interview from the morning, had ruled that out: “We’re not going to open the strait [of Hormuz] until we have a final deal.”
By the end of the day, he was singing a different tune, saying he would “therefore extend the Ceasefire until such time as their proposal is submitted, and discussions are concluded,” Trump wrote, “one way or the other.”
