U.S.-Iran ceasefire extended but Strait of Hormuz remains shut

U.S.-Iran ceasefire extended but Strait of Hormuz remains shut

From Squawk Box Europe Express by CNBC International

April 22, 2026 · 27 min

About this episode

The episode discusses the extension of the U.S.-Iran ceasefire and its implications for global markets, along with insights on inflation and Federal Reserve policies.

U.S. President Trump extends the ceasefire with Iran in order to allow for further peace talks to be organised. However, the Strait of Hormuz remains blockaded by both sides with global markets in limbo. Federal Reserve Chair nominee Kevin Warsh insists he has made no promises to President Trump on rate cuts and will remain an ‘independent actor’ on future decisions should he be confirmed. The UK’s March CPI is 3.3 per cent higher on the year, up from February’s 3 per cent inflation figure. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Topics covered

  • U.S.-Iran relations
  • ceasefire
  • global markets
  • Federal Reserve
  • inflation
  • economic policy

Keywords

  • U.S.-Iran ceasefire
  • Strait of Hormuz
  • Kevin Warsh
  • inflation
  • Federal Reserve
  • Trump
  • CPI

Mentioned in this episode

Organizations: Federal Reserve

Places: UK, Strait of Hormuz

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