President Trump said he has agreed to a "double sided CEASEFIRE" with Iran, less than two hours before his deadline for Iran to either cut a deal with the U.S. or face massive strikes on its power plants.
President Trump announced that the U.S. and Iran had agreed to a two-week ceasefire in the war that was contingent on the reopening of the Strait of Hormuz.
Less than two hours before his deadline for Iran to reopen the Strait of Hormuz, President Trump announced that he agreed to "suspend the bombing and attack" against the country for two weeks. CBS News Pentagon reporter Eleanor Watson and Ret. Lt. Col. Geoffrey Corn join with analysis.
A new analysis from JPMorgan says gas prices could hit $5 per gallon as soon as this month if the Strait of Hormuz stays closed. Former Trump economic adviser Stephen Moore joins "The Takeout" to discuss.
