In a telephone interview with Bloomberg News late on Monday, April 20, 2026, U.S. President Donald Trump stated that the United States is "highly unlikely" to extend the temporary ceasefire with Iran. The truce, announced on April 7, is set to expire on Wednesday, April 22.
The announcement has heightened tensions in global oil markets, as traders fear a return to hostilities could disrupt crude supplies from the region. Oil prices were reported to be volatile in early trading following the President's comments.
The original ceasefire was brokered to de-escalate a recent flare-up of tensions. President Trump's remarks indicate a hardline stance, suggesting an extension is contingent on Iran meeting unspecified U.S. demands for a more permanent agreement.
Analysts note that the situation remains fluid, and the final decision on the ceasefire's status will be confirmed upon its official expiration. The White House has not released further details on the terms being negotiated.
