Trump says US–Iran ceasefire ‘highly unlikely’ to be extended as deadline nears

What Happened

President Trump indicated Monday that the US-Iran ceasefire is unlikely to be extended beyond Wednesday's deadline, warning that escalation will follow if no agreement materializes. Trump reaffirmed he won't reopen the Strait of Hormuz until a deal is signed. The strait closure has disrupted approximately twenty percent of global oil shipments, elevating prices worldwide and increasing economic strain.

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