Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open.
These days, a deadline is rarely a deadline. U.S. President Donald Trump has paused his “period of energy plant destruction” by 10 days until April 6, while claiming Iran’s permission to allow passage of 10 ships through the Strait of Hormuz show signs of progress towards peace.
Markets may need more convincing. Oil prices have retreated, but there are no signs of a broader relief rally this morning.
President Donald Trump has extended a pause on potential U.S. attacks on Iran’s energy facilities to April 6, though he warned Iranian negotiators to “get serious soon, before it is too late, because once that happens, there is NO TURNING BACK, and it won’t be pretty.”
The president also labeled Iranian negotiators as “very different” and “strange,” claiming they were “begging” the U.S. to make a deal to end the now four-week war.
