Trump’s Iran Deadline Looms With Mediators Pushing for Truce

President Trump during a primetime address to the nation at the White House on April 1.Photographer: Alex Brandon/AP Photo/Bloomberg

US allies are reportedly pressing for a last-minute deal with Iran, as President Donald Trump extended his deadline to Tuesday for Tehran to reopen the Strait of Hormuz, keeping markets on edge over whether a breakthrough can be reached.

Axios reportedBloomberg Terminal that Pakistan, Egypt and Turkey are pushing to secure a potential ceasefire — lasting about 45 days — to head off threatened US strikes on Iran’s energy infrastructure and retaliation by the Islamic Republic against countries in the region.