President Donald Trump announced he was extending a ceasefire with Iran indefinitely a day before it was set to expire, even as plans for a fresh round of talks between the two countries fell apart.

In a Truth Social post, Trump said Tuesday he would maintain a blockade over ships coming to and from Iran in the Strait of Hormuz. He said Pakistan, which had mediated between the two sides, asked for the US to hold off on fresh strikes and he was extending the ceasefire until Iran submits a new proposal “and discussions are concluded, one way or the other.”

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A preview of Kevin Warsh's nomination hearing at the Senate Banking Committee to become the next chairman of the Federal Reserve led Bloomberg Intelligence's April 20 Washington Policy Pulse. While Warsh likely has the votes, Senator Thom Tillis will probably stick to his vow not to advance Warsh until an investigation into the Fed is resolved. We also discussed upcoming testimony from US Trade Representative Jamieson Greer and the likelihood of future tariffs. Finally, we discussed ongoing efforts to fund Immigration and Customs Enforcement via the reconciliation process. Instructions for a deal around $75 billion could be released as soon as tomorrow.

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US President Donald Trump said he’s not likely to extend the two-week ceasefire with Iran, increasing the urgency for negotiators to conclude a deal to end the war.

Trump said in a Monday phone interview that the truce, which he announced April 7, expires on “Wednesday evening Washington time” — possibly buying more time for negotiations. But the president also said it’s “highly unlikely that I’d extend it” if no deal is reached before then.

“I’m not going to be rushed into making a bad deal. We’ve got all the time in the world,” the president said.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

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President Donald Trump said Iran has agreed to suspend its nuclear program indefinitely, fueling optimism that a deal to end their war is in reach after Tehran announced the Strait of Hormuz was open again.

In a Friday phone interview, Trump asserted that any moratorium on Iran’s nuclear activities would not expire, saying it would be “unlimited.” Talks over a lasting agreement will “probably” be held this weekend, the president said.

“Most of the main points are finalized. It’ll go pretty quickly,” Trump said. He also denied that the US would release any frozen funds to Iran — a key demand of the regime that he and his supporters have long decried.

Details of any potential deal remained murky and Iran has yet to comment on Trump’s claim, which is virtually certain to go against its longstanding insistence that it has the right to enrich uranium.

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US President Donald Trump said that Israel and Lebanon had agreed to a 10-day ceasefire, a move that would ease broader tensions between Washington and Tehran.

There was no immediate confirmation from Israel or Hezbollah, the Iranian-backed militant group that the Jewish state has been waging war against in Lebanon, of an agreement to halt hostilities.

Trump, posting on Truth Social on Thursday, said he had held “excellent conversations” with Lebanon’s President Joseph Aoun and Israel’s Prime Minister Benjamin Netanyahu. “These two Leaders have agreed that in order to achieve PEACE between their Countries, they will formally begin a 10 Day CEASEFIRE” at 5 p.m. Washington time, he said.

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The US and Iran are considering extending their ceasefire that ends on Tuesday by another two weeks to allow more time to negotiate a peace agreement, according to a person familiar with the matter.

Mediators between the warring sides are trying to set up technical talks to resolve the most contentious issues, said the person, who asked not to be named discussing sensitive matters. Those include reopening the Strait of Hormuz and Iran’s nuclear enrichment, they said.

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The US and Iran are looking to arrange a second round of peace talks in the coming days, with Tehran mulling a pause in shipments through the Strait of Hormuz to help ease the path toward an agreement on time and place.

The objective is to hold more discussions before an April 7 ceasefire expires next week, according to people familiar with the matter. One proposal is to return to Pakistan, where initial negotiations were held last weekend, though other venues are being considered, the people said.

US President Donald Trump said talks could resume “over the next two days” in Pakistan, the New York Post reported. That would build on a marathon yet inconclusive session in Islamabad on Saturday night.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

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• Former West Virginia Senator Joe Manchin.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
• Bloomberg Television Markets Correspondent Norah Mulinda.
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