US President Donald Trump says there is no time frame on Iran war
The White House said that US President Donald Trump has not set a deadline on Iran submitting a peace proposal, the Guardian reported on Wednesday. On Tuesday, Trump extended the ceasefire and vowed to continue the US blockade on Iranian ports.
The speaker of the Iranian parliament and top negotiator, Mohammad Bagher Ghalibaf, stated that reopening the strait of Hormuz would be “impossible” while the US and Israel committed “flagrant” breaches of the ceasefire, including the US naval blockade.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is down 1.83% on the day at $91.35.
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