U.S. Stocks Drop as Ceasefire Hopes Fade Ahead of Trump’s Iran Deadline
U.S. equities fell on Tuesday as President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz approached, with optimism for a last-minute agreement fading.
The Dow Jones Industrial Average slid 382 points, or 0.8%. The S&P 500 was down 0.9%, while the Nasdaq Composite traded 1.3% lower.
Trump has set an 8 p.m. ET deadline for the U.S. and Iran to reach a deal to reopen the Strait of Hormuz, warning that the U.S. would otherwise destroy Iran’s power plants and bridges. His latest comments and fresh reports suggested a deal by that time was increasingly unlikely. In a Truth Social post on Tuesday, Trump wrote: “A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will.”
Still, Trump left open the possibility that the U.S. might not carry out an attack after the deadline, adding that “now that we have Complete and Total Regime Change, where different, smarter, and less radicalized minds prevail, maybe something revolutionarily wonderful can happen, WHO KNOWS?”
Tensions have already been building ahead of the cutoff. The Wall Street Journal and NBC News, citing U.S. officials, reported that the U.S. carried out strikes on Kharg Island overnight, adding to escalation concerns and keeping markets highly sensitive to geopolitical headlines and energy-flow risks.
Source : Newsmaker.id
