President Trump's rhetoric on Iran has fluctuated over the past couple of days. This comes as the ceasefire deadline looms and as questions linger about more negotiations. CBS News' Aaron Navarro and Imtiaz Tyab report,

The ceasefire between the U.S. and Iran is set to expire tomorrow. Peace talks between the countries remain uncertain. And, Trump's pick to lead the Federal Reserve faces a tough confirmation hearing today.

President Trump is unlikely to extend a cease-fire with Iran that is set to expire on Wednesday evening, according to a White House official. The deadline puts pressure on negotiators ahead of U.S-Iran talks that are expected to take place in Pakistan later this week.

Oil prices climbed about 5% on Tuesday after Trump said he did not want to extend a soon-to-expire ceasefire in the Iran war.

Donald Trump raised fresh concerns during a recent exchange about escalating tensions tied to Iran. The remarks came as discussions continue around a fragile ceasefire and upcoming diplomatic

Trump economic adviser Kevin Hassett told CNBC on Monday morning that he is optimistic markets will treat the Iran war selloff as a temporary panic that won't cause lasting damage--even as the war drags on longer than the "four to six weeks" it was originally predicted to last.

Brent and US crude prices spiked late Sunday following a weekend of renewed tensions between the US and Iran over the Strait of Hormuz.

The Iran ceasefire and peace talks this week are hanging by a thread as tensions boil over the strategic waterway that epitomizes Tehran’s new leverage and a conflict that critics warn has escaped President Donald Trump’s control.