Trump Says He May Extend Deadline If U.S.-Iran War Peace Talks Progress

U.S. President Donald Trump has signaled that there is still the possibility that he could extend the deadline to strike Iran’s energy infrastructure. This comes amid reports that peace talks in the U.S.-Iran war have made progress in the last 24 hours, with Bitcoin paring its losses on the back of these developments.

Trump’s Deadline May Extend If U.S.-Iran War Peace Talks Progress

In a phone interview with FOX News’ Bret Baier, the U.S. president said that if negotiations move forward today and there is something concrete, then plans to attack Iran after today’s deadline could change. However, he confirmed that the U.S. is ready to carry out heavy strikes against Iran if nothing happens by his 8 p.m. deadline.

As CoinGape reported earlier, Trump’s deadline is fast approaching, with no peace deal yet in the U.S.-Iran war. The U.S. president failed to put odds on the likelihood of a negotiated deal, even as he promised that “8 p.m. is happening.”

Trump also threatened an attack on Iran like they have not seen before as they move forward with plans for a strike without a peace deal yet in place. It is worth noting that the U.S. president has already extended the deadline on three occasions, which provides optimism that he could extend this deadline despite recent threats to wipe out the country.

Meanwhile, speaking in Hungary today, U.S. Vice President J.D. Vance said there will be a lot of negotiation over a peace deal in the U.S.-Iran war as Trump’s deadline nears. WSJ had earlier reported that Iran cut direct talks with the U.S. following Trump’s threat to wipe out its civilization.

However, the Iranian media outlet Tehran Times reported that diplomatic channels between the U.S. and Iran remain open. Bitcoin and the broader crypto market remain on edge ahead of Trump’s deadline, especially with strikes on Iran’s Kharg Island earlier today.

Progress In Negotiations In The Last 24 Hours

According to an Axios report, there has been progress in negotiations in the U.S.-Iran war in the past 24 hours. However, the report noted that reaching a ceasefire deal by Trump’s 8 p.m. deadline still looks like a long shot.

The Bitcoin price has pared some of its losses amid these developments. The leading crypto has climbed above $68,000 and is currently trading at around $68,300, down less than 1%, according to TradingView data.

Pakistan, which is a lead mediator in the U.S.-Iran peace talks, had reportedly told Norway today that they haven’t given up yet on a deal but that hope is dwindling that they will achieve an extension of the deadline. An Iranian source told Qatar’s al Araby al-Jadeed that Iran has not closed diplomatic channels with the U.S. and they continue to pass messages through Pakistan.