President Trump said Monday the US will not be rushed into a “bad deal" with Iran. But he also said he was unlikely to extend the ceasefire that expires Wednesday. Meanwhile, the two sides seemed to disagree on whether they’d resume negotiations to end the conflict this week. 

On today’s Big Take, host Stacey Vanek Smith and Bloomberg White House Correspondent Kate Sullivan break down what we know about a potential second round of negotiations between the US and Iran, the sticking points driving the latest escalation and where the White House could go from here. 

Read more: Trump Aims to Seal Iran Deal, Says Truce Extension Unlikely 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Stacey Vanek Smith; Produced by Rachael Lewis-Krisky and David Fox; Reported by Kate Sullivan; Edited by Tracey Samuelson.

Fact-checking by Julia Press and David Fox; Engineering by Katie McMurran.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

President Trump said Monday the US will not be rushed into a &ldquo;bad deal" with Iran. But he also said he was unlikely to extend the ceasefire that expires Wednesday. Meanwhile, the two sides seemed to disagree on whether they&rsquo;d resume negotiations to end the conflict this week.&nbsp;
On today&rsquo;s Big Take, host Stacey Vanek Smith and Bloomberg White House Correspondent Kate Sullivan break down what we know about a potential second round of negotiations between the US and Iran, the sticking points driving the latest escalation and where the White House could go from here.&nbsp;
Read more: <a href="https://www.bloomberg.com/news/articles/2026-04-20/trump-says-iran-truce-extension-unlikely-hormuz-to-stay-blocked?srnd=homepage-americas">Trump Aims to Seal Iran Deal, Says Truce Extension Unlikely </a>
We have a special Bloomberg subscription offer for podcast listeners at <a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by Stacey Vanek Smith; Produced by Rachael Lewis-Krisky and David Fox; Reported by Kate Sullivan; Edited by Tracey Samuelson.
Fact-checking by Julia Press and David Fox; Engineering by Katie McMurran.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Can the US and Iran Break Their Deadlock?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a1254279-223e-4422-b454-b432015e92ee/transcript