President Trump said Monday the US will not be rushed into a “bad deal" with Iran. But he also said he was unlikely to extend the ceasefire that expires Wednesday. Meanwhile, the two sides seemed to disagree on whether they’d resume negotiations to end the conflict this week.

On today’s Big Take, host Stacey Vanek Smith and Bloomberg White House Correspondent Kate Sullivan break down what we know about a potential second round of negotiations between the US and Iran, the sticking points driving the latest escalation and where the White House could go from here.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Stacey Vanek Smith; Produced by Rachael Lewis-Krisky and David Fox; Reported by Kate Sullivan; Edited by Tracey Samuelson.

Fact-checking by Julia Press and David Fox; Engineering by Katie McMurran.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.