Bloomberg News Now: Trump Says Iran Cease Fire Extension Is Unlikely As Oil Prices Surge

President Trump says it is “highly unlikely” he will extend the two‑week cease‑fire with Iran if negotiators fail to reach a deal before it expires. He tells Bloomberg’s Jeff Mason he won’t rush into a bad agreement and warns fighting will likely resume, with the Strait of Hormuz remaining blocked until a deal is finalized. Vice President JD Vance is heading to Pakistan for renewed talks, while The New York Times reports an Iranian delegation is also preparing to travel to Islamabad.

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