"The US has not agreed to an extension of the ceasefire. There is continued engagement between the US and Iran to reach a deal", according to a US official cited by Axios' Ravid

The lack of an agreement on the ceasefire extension indicates ongoing tensions in the region, particularly impacting U.S.-Iran relations.

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[MARKET UPDATE] Iranian and US officials lean back on reports of agreement on an extension to the current US-Iran ceasefire (due to expire Apr 22nd); Modest upticks seen in USD and crude prices while negative ticks seen in equity and fixed income futures

"The US has not agreed to an extension of the ceasefire. There is continued engagement between the US and Iran to reach a deal", according to a US official cited by Axios' Ravid

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This continues to create uncertainty in energy markets, particularly for crude oil prices; any escalation or further developments could drive volatility in WTI. Traders should watch for potential market reactions, particularly in commodities and risk assets, as developments unfold.

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