President Trump said Monday he is "highly unlikely" to extend the current ceasefire with Iran if Wednesday evening passes without a peace deal, according to a Bloomberg interview. The president indicated the truce ends "Wednesday evening Washington time."

A new round of peace talks is tentatively scheduled for this week in Islamabad, Pakistan. A senior Pakistani government source expressed confidence that Iran will attend the US talks, though the future of negotiations remains unclear.

The ongoing conflict has led to the closure of the Strait of Hormuz, a critical shipping route. Gulf nations have expressed concerns that potential US-Iran talks may solidify Tehran's control over the strategic waterway.

The war has created complex emotions among Iranian Jewish communities, who have told CBS News they experience conflicting feelings about the conflict and wish leaders in both countries would "let us live in peace."

Trump has alternated between optimistic and pessimistic statements about reaching a deal with Iran, sometimes shifting his tone within the same hour. There are growing indications that the president has sustained political damage from the conflict.

Defense Secretary Pete Hegseth and other Trump allies maintain that the US military has already achieved significant objectives, though the full scope of military operations remains ongoing as the ceasefire deadline approaches.