Extended truce between Iran and U.S. will last only 3-5 days - Fox News

The truce between Iran and the U.S. that President Donald Trump extended the day before will only be in effect for three to five days, a White House official told Fox News.

The two sides declared a ceasefire on April 8 for two weeks. Extending it, Trump did not name a new deadline, but only said that Washington was giving Tehran additional time to submit a proposal to resolve the conflict. If the delayed truce ends without a peace agreement, the president promised to destroy Iran's energy and transportation infrastructure, Fox News noted.

Investors took positively the news of the truce continuing. There's a broad-based rally in the stock market: all 11 sectors of the S&P 500 are trading in the plus - for just the fourth time this year, MarketWatch notes. The Nasdaq Composite Technology Index hit a new intraday high, jumping 1.2%.

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