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AXIOS (Barak Ravid) - Iran mediators make last-ditch push for 45-day ceasefire

The U.S., Iran and a group of regional mediators are discussing the terms for a potential 45-day ceasefire that could lead to a permanent end to the war, according to four U.S., Israeli and regional sources with knowledge of the talks. Why it matters: The sources said the chances for reaching a partial deal over the next 48 hours are slim. But this last-ditch effort is the only chance to prevent a dramatic escalation in the war that will include massive strikes on Iranian civilian infrastructure and a retaliation against energy and water facilities in the Gulf states. Driving the news: President Trump's 10-day deadline to Iran was expected to expire Monday evening. But on Sunday, Trump extended his deadline by 20 hours and posted on…

The U.S., Iran and a group of regional mediators are discussing the terms for a potential 45-day ceasefire that could lead to a permanent end to the war, according to four U.S., Israeli and regional sources with knowledge of the talks. Why it matters: The sources said the chances for reaching a partial deal over the next 48 hours are slim. But this last-ditch effort is the only chance to prevent a dramatic escalation in the war that will include massive strikes on Iranian civilian infrastructure and a retaliation against energy and water facilities in the Gulf states. Driving the news: President Trump's 10-day deadline to Iran was expected to expire Monday evening. But on Sunday, Trump extended his deadline by 20 hours and posted on…Open

AXIOS (Ben Geman) - Oil climbs anew on mixed signals about Iran war's future

Brent crude oil climbed more than 1% to above $110 per barrel when markets opened Sunday amid mixed signals about the Iran war that's creating unprecedented disruption to global energy flows. Why it matters: President Trump is signaling major escalation, but also told Axios' Barak Ravid that the U.S. is in "deep negotiations" with Iran. - Trump is threatening to bomb Iran's power plants and bridges starting Tuesday if the regime doesn't open the Strait of Hormuz. The big picture: Markets are also responding to crosscurrents about the Strait of Hormuz and regional infrastructure. - Iranian officials say they will exempt Iraq from restrictions and a tanker carrying the nations' crude has reportedly transited the waterway. - But…

Brent crude oil climbed more than 1% to above $110 per barrel when markets opened Sunday amid mixed signals about the Iran war that's creating unprecedented disruption to global energy flows. Why it matters: President Trump is signaling major escalation, but also told Axios' Barak Ravid that the U.S. is in "deep negotiations" with Iran. - Trump is threatening to bomb Iran's power plants and bridges starting Tuesday if the regime doesn't open the Strait of Hormuz. The big picture: Markets are also responding to crosscurrents about the Strait of Hormuz and regional infrastructure. - Iranian officials say they will exempt Iraq from restrictions and a tanker carrying the nations' crude has reportedly transited the waterway. - But…Open