U.S. and Iran Considering Two-Week Ceasefire Extension — Bloomberg Reports

April 15, 2026 — U.S. and Iran Considering Two-Week Ceasefire Extension — Bloomberg Reports.

Extension Under Discussion

The United States and Iran are considering a two-week ceasefire extension to allow more time to negotiate a peace deal, Bloomberg reported on April 15, 2026. Mediators between the warring sides are seeking technical talks to overcome the most contentious issues — the reopening of the Strait of Hormuz and the future of Iran's nuclear program — before the current truce expires next week.

The development significantly reduces the prospect of a return to full-scale fighting, though the naval blockade of Iranian ports continues and Iran has threatened to expand maritime disruptions to the Red Sea and Gulf of Oman. Oil prices eased on the reports, with WTI pulling back below $95 per barrel.