Oil prices diverged and global stock markets were mixed Thursday as a ceasefire extension deal between United States and Iranian negotiators awaited the green light from President Donald Trump.

Donald Trump also said negotiations with Iran were "proceeding nicely," but cautioned that the U.S. could resume military action if discussions were to collapse.

Oil prices rose on Tuesday and stocks were mixed as investor optimism over an imminent US–Iran peace deal was tempered by new US strikes in the Middle East.

Analysts warned that any potential ceasefire extension should be viewed cautiously