Bloomberg News Now April 5, 2026: Axios: Mediators Seek Ceasefire, Trump New Iran Ultimatum, More
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Apr 6, 2026 Talks about a possible 45-day ceasefire and regional mediation efforts. Coverage of a presidential ultimatum over the Strait of Hormuz and Tehran's firm response. Details of a high-stakes rescue of a U.S. airman and the complex military coordination involved. Discussion of oil market moves, OPEC+ production tweaks, and the IEA calling the disruption historic. NASA test updates and a landmark college basketball title also noted.
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Last-Ditch 45-Day Ceasefire Talks
- U.S., Iran, and regional mediators discussed a possible 45-day ceasefire that could lead to a permanent end to the war.
- Axios sources say chances of a partial deal in the next 48 hours are slim, framing the effort as a last-ditch bid to avoid major escalation.
Trump Ultimatum Met With Iranian Rejection
- President Trump issued an ultimatum to destroy Iran's power plants starting Tuesday unless the Strait of Hormuz reopens.
- Iran rejected the ultimatum and demands compensation for war damage, permitting only limited vessel passage through Hormuz.
Two-Day Rescue Of Downed U.S. Airman
- A U.S. airman shot down over Iran was rescued after a two-day mission involving hundreds of special operations troops and the CIA.
- U.S. aircraft struck Iranian convoys to protect the airman's hiding area; President Trump said he is seriously injured but will be fine.