Trump meets Cabinet as Iran ceasefire talks continue
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- Trump convened a Cabinet meeting on Wednesday to discuss a potential ceasefire settlement that would reopen the Strait of Hormuz and solidify the April 17 truce with Iran.
- Pentagon reported that U.S. forces carried out defensive strikes on missile launch sites and mine‑laying boats in southern Iran on Monday, describing the action as “restraint.”
- Marco Rubio told reporters that negotiations on extending the ceasefire and reopening the strait would take several more days, emphasizing that the U.S. wants a “good deal or no deal.”
- Roger Wicker warned that the emerging terms—especially Iran’s pledge to surrender highly enriched uranium for sanctions relief—resemble the Obama‑Era nuclear accord and may be too favorable to Tehran.
- Iran condemned the U.S. strikes as “bad faith and unreliability,” even as the ceasefire remained in place.
Why it matters: U.S. consumers and energy traders stand to gain as a reopened Hormuz Strait eases the current crude‑inventory squeeze—down 900 barrels—while Iran risks losing leverage if its nuclear concessions are granted.
