Trump Sets Deadline for Iran to Reopen Strait of Hormuz Amid Ongoing Negotiations

U.S. m. ET on Tuesday for Iran to reopen the Strait of Hormuz, threatening military action against Iranian power plants and bridges if the demand is not met. U.S. would target every bridge and power plant in Iran over a four-hour period starting at midnight EDT on Wednesday if the strait remains closed.

He previously delayed similar deadlines. U.S. on Monday, which Trump described as not good enough. , Iran, and regional mediators discussing a potential 45-day ceasefire that could lead to a permanent end to hostilities, according to Axios.

Trump noted that Tehran is an active and willing participant in the talks. > "They would like to be able to make a deal.

“— President Donald Trump, Monday (CNBC)”

Trump stated that part of any deal requires free traffic of oil through the Strait of Hormuz. He expressed interest in seizing Iran's oil, saying it is there for the taking and that Iran could not prevent it. Separately, Trump mentioned considering charging tolls for ships passing through the strait.

The S&P 500 rose for a fourth consecutive session on Monday as investors weighed possibilities of de-escalation. U.S. futures showed little change late Monday. Oil prices edged higher following Trump's threats against Iranian infrastructure. A Citrini Research analyst traveled by boat to Oman's Musandam Peninsula to observe shipping in the Strait of Hormuz.

The analyst reported approximately 15 ships passing through daily, with traffic increasing recently via the Qeshm channel, though volumes remain below normal and many vessels disable AIS tracking. This indicates partial rather than complete disruption to the key oil shipping route.

Hormuz remains a focal point in escalating U.S.-Iran tensions, with satellite images and official statements monitored by oil traders. Trump joked about running for president of Venezuela following the U.S. capture of Nicolas Maduro, though this comment occurred outside the Iran negotiations.