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US stocks fall as Trump deadline for Iran Strait deal nears; oil prices rise amid tensions.

Market News
07 Apr 2026
New York Post
View Source
Bearish
pluang ai news

US stock markets dropped sharply as President Trump's 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz approached, with investors fearing no deal would be reached. The Dow fell 320 points, while oil prices surged, with Brent crude rising to $110.19 a barrel and West Texas Intermediate crude jumping to $115.71. Trump threatened intense strikes on Iran's energy infrastructure if the strait is not reopened, escalating tensions after reported US strikes on Iran's Kharg Island energy hub. This conflict risks keeping oil prices high and could impact global inflation and interest rates due to energy supply disruptions.

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