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Trump Won’t Extend Cease-Fire, Peace Talks Slip to Year-End

8/18/2026

27 5 Full Breakdown

Summary

Story summary

President Donald Trump announced he will not extend the 60-day cease-fire that expired on Monday, leaving the conflict without a deal.
Eurasian Group analysts say the standoff will continue, pushing any peace agreement to year-end and limiting traffic through the Strait of Hormuz.
The consultancy notes that rerouting vessels around the strait keeps oil prices below $100 a barrel and that the economy is adapting to the closure.

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Story summary

President Donald Trump announced he will not extend the 60-day cease-fire that expired on Monday, leaving the conflict without a deal.
Eurasian Group analysts say the standoff will continue, pushing any peace agreement to year-end and limiting traffic through the Strait of Hormuz.
The consultancy notes that rerouting vessels around the strait keeps oil prices below $100 a barrel and that the economy is adapting to the closure.