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Oil prices edged lower on Wednesday as uncertainty lingered over the trajectory of the U.S.-Iran conflict.
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An extended ceasefire bring optimism back to markets, but the disruption to the Strait of Hormuz has revealed energy fault lines.
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The 'chill' follows the sacking of lead civil servant at the Foreign Office Sir Olly Robbins by the prime minister.
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Nikkei rises to record high on Wednesday, even as Asia markets trade broadly lower, amid deepening uncertainty over the Middle East conflict, even as Trump extended a temporary ceasefire.
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President Trump said he would extend the ceasefire deadline with Iran at the request of Pakistan to allow the Iranian regime to "come up with a unified proposal." NBC News' Keir Simmons reports.
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Kevin Warsh's nomination to lead the Federal Reserve could still be delayed by a Justice Department investigation into the current chair, Jerome H. Powell.
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;Resize=(620)) April 21, 2026 | New witness video shows tourists taking cover and being held at gunpoint at Mexico's Teotihuacán pyramids. U.S. President Donald Trump says he's extending the ceasefire with Iran so talks can progress. And, Drake's promotional stunt causes crowd chaos in downtown Toronto.
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Prices rose after it became clear that Vice President JD Vance had not departed for Pakistan, where peace talks with Iran were supposed to resume.
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President Trump attributed his decision to divisions among the Iranians about how to proceed and said he wanted to give them more time.
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;Resize=(620)) Israel's military says it has replaced a crucifix in southern Lebanon after a soldier smashed it down over the weekend.
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President Trump says he does not want to extend the ceasefire between the U.S. and Iran as the clock ticks down on the deadline.
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