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President Donald Trump has said that he does not intend to extend the ceasefire with Iran despite it being set to expire on Wednesday.

Some shit you should know before you dig in: Just to bring you up to speed, on April 7th the United States and Iran agreed to a two-week ceasefire after Trump warned “a whole civilization will die tonight” if no deal was struck. The truce has been shaky from the start (Iran kept the Strait of Hormuz closed to force an end to Israel’s bombardment of Lebanon, the US responded by imposing its own naval blockade, and both sides have accused each other of violations). A first round of peace talks in Pakistan on April 11, led by Vice President JD Vance, envoy Steve Witkoff, and Jared Kushner, ended after 21 hours without a deal. The US is demanding that Iran permanently abandon its nuclear program, fully reopen the Strait of Hormuz, and accept a deal Trump has said will be “far better” than the Obama-era Iran nuclear agreement he scrapped in his first term. Iran says it will not negotiate under threat, wants the US blockade lifted, and has insisted any ceasefire must also apply to Israel’s ongoing military campaign in Lebanon (a demand the US has not formally accepted). Iran is also seeking to retain some of its nuclear program, which the US has a problem with.

What’s going on now: In an interview with CNBC Tuesday morning, Trump said he expects to resume bombing Iran and does not plan to extend the ceasefire. “I expect to be bombing because I think that’s a better attitude to go in with,” he said. “We’re ready to go. The military is raring to go.” Trump insisted the US is in a strong negotiating position, pointing to the destruction of Iran’s navy, air force, and leadership, and predicted the two sides would ultimately reach “a great deal.”

He also said the ceasefire has given the US time to restock its military. “We’ve used this to restock, and we are much, much more powerful than we were four or five weeks ago,” he said.

Despite all of this, Iran has shown no sign of meeting Trump’s demands. Parliamentary speaker Mohammad Bagher Ghalibaf, who was expected to lead Tehran’s delegation in Islamabad, posted on X that “we do not accept negotiations under the shadow of threats.” Iranian officials also warned of “an immediate and decisive response” to any resumed hostilities.

This all comes as the second round of US-Iran talks in Pakistan appears to have collapsed after Iranian officials said they would not be attending. Vice President Vance, who was set to lead the delegation, was instead called back to the White House Tuesday for policy meetings, leaving the status of the talks uncertain.