Morning Business Report: ceasefire extended, markets react and consumer trends shift
The Donald Trump says the United States is extending the ceasefire deadline with Iran, citing uncertainty over leadership within the country.
(LILAMAX)- Trump also confirmed the U.S. Navy blockade of the Strait of Hormuz will remain in place as tensions continue. Iranian state media, however, says there is no path forward for negotiations, calling talks a “waste of time” and describing the situation as a deadlock. On Wall Street, stocks fell Tuesday as oil prices surged amid fears negotiations are breaking…