00:00President Donald Trump told CNBC Tuesday that he expects the U.S. and Iran to make a great deal,
00:06but added that the U.S. military is ready to bomb Iran if an agreement is not signed by the
00:11ceasefire deadline,
00:12and that he has no intention of extending it.
00:14The president also posted on Truth Social that Iran had violated the ceasefire numerous times,
00:21sending oil prices reversing course from a sharp decline seen earlier in the week.
00:25Brent crude and WTI each rose more than 1 percent, reaching $96.73 and $88.70 per barrel, respectively,
00:36as uncertainty lingered over the status of the Strait of Hormuz.
00:40Investor optimism over a potential resolution had helped propel stocks sharply higher in recent weeks.
00:46The S&P 500 gained 4.5 percent last week, while the Nasdaq popped 6.8 percent and notched its
00:5313th consecutive winning session.
00:55A streak not seen since 1992.
00:58Tuesday's session was more subdued, with the S&P 500 slipping 0.1 percent and the Dow shedding 37 points,
01:06as investors awaited further ceasefire developments ahead of Wednesday's deadline.
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