Erika Herskowitz

That's according to the New York Times, which cites a senior administration official.

Trump met in the Situation Room to make a decision on the preliminary deal between Washington and Tehran to extend a ceasefire by 60 days.

An Iranian foreign ministry spokesman told the state-run Islamic Republic news agency that message exchanges between Iran and the U.S.

are continuing, but no final understanding has been reached yet.

There's a broad understanding that Trump alone will make the final call, with Treasury Secretary Scott Besson saying everything depends on what the president wants to do.

Besson outlined three red lines as prerequisites for any agreement — Iran reopening Hormuz, surrendering its highly enriched uranium, and ending its nuclear program.

Speaking at the Reagan National Economic Forum today, JPMorgan Chase CEO Jamie Dimon emphasized the dangers of Iran having a nuclear weapon.

JPMorgan Chase CEO Jamie Dimon.

And while there's hopes of a possible reopening of the Strait of Hormuz, Chevron CEO Mike Wirth says several vessels transiting through the strait have been attacked in recent days, underscoring the very real risks that remain for shipowners in the Persian Gulf whether or not a peace accord is signed.

Wirth, a guest on Bloomberg Television, says Chevron will not pay a Hormuz toll.

Worth, speaking with Bloomberg Television, says ship owners and their insurers will have to feel comfortable that passage is safe for oil to begin moving again and be willing to send ships back into the strait for trade to get back to normal.

Attorney General Pam Bondi is refusing to answer questions about Donald Trump's involvement in the release of case files on Jeffrey Epstein during a closed-door hearing with House lawmakers today.

Bondi cited her ability to decline questions because she agreed to appear before the committee voluntarily.

Lawmakers are trying to find out what decisions prosecutors have made about investigating Epstein associates and whether President Trump was involved in the process of releasing the Epstein case files.

Before the hearing, Chairman of the House Oversight Committee, James Comer, told reporters his goal is to hold people accountable and try to understand how the government failed.

Chairman of the House Oversight Committee, James Comer.

A federal judge in Virginia temporarily barred the Trump administration from acting on claims for payouts from the $1.8 billion anti-weaponization fund.

while she weighs a longer-term block as legal challenges continue.

The judge issued the order to ensure that no funds are irreversibly dispersed from the fund, which is part of an agreement to resolve a lawsuit brought by President Trump.

A hearing is set for June 12th to consider the request to stop officials from operating the fund while the litigation is pending.