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US President Trump Sets Tuesday Deadline for Iran to Reopen Strait of Hormuz Amid Escalation Threats
President Donald Trump has issued an ultimatum to Iran to reopen the Strait of Hormuz by Tuesday at 8 PM ET, with potential delays if a deal emerges. Negotiators express pessimism about Iran's compliance, raising risks of US strikes on Iranian infrastructure. Market reactions include a pullback in Bitcoin below $68,000 as the deadline nears.
Apr 7, 10:14 AM·2m read4 sources
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Donald Trump has set a deadline of Tuesday, 8 PM ET, for Iran to reopen the Strait of Hormuz.
Axios reported that Trump might delay this deadline if he sees a deal coming together. This would mark the fifth time Trump has delayed such an ultimatum on Iran. The Strait of Hormuz remains closed, according to demands from US negotiators.
Iran has not met the requirement to reopen the waterway before the deadline. Sources indicate ongoing negotiations, though progress appears limited.
Negotiators are pessimistic that Iran will comply with the demand to reopen the Strait of Hormuz by the Tuesday deadline, per the Wall Street Journal.
This pessimism is paving the way for potential US military actions targeting Iranian bridges and power plants. Such strikes would represent a fresh escalation in the ongoing conflict between the US and Iran. The US has previously delayed similar ultimatums four times, establishing a pattern in negotiations with Iran.
Current talks focus on the strategic waterway, which handles a significant portion of global oil shipments. Failure to meet the deadline could intensify regional tensions.
“Negotiators are pessimistic Iran will bend to meet President Trump’s demand to reopen the Strait of Hormuz before his Tuesday-night deadline.”
Trump is considering charging tolls for ships passing through the Strait of Hormuz, according to reports. This proposal comes as part of broader US efforts to address the closure. Implementation details remain unclear. Bitcoin prices have pulled back below $68,000 as the deadline approaches, per CoinDesk.
