Trump Extends Iran Deadline on Strait of Hormuz as Stocks Tumble
The New York Times • • general
Key Points:
- President Trump announced a 10-day extension to the deadline for Iran to reopen the Strait of Hormuz, moving the new deadline to April 6 at 8 p.m., following an Iranian government request.
- Earlier in the day, Trump had issued strong threats against Iran, warning that the U.S. would "keep blowing them away" if Tehran did not negotiate an end to the war.
- The shift in tone came amid significant turmoil in U.S. financial markets, with Wall Street experiencing its steepest daily decline since the war began.
- The announcement followed Israel's killing of an Iranian naval commander who had been instrumental in closing the Strait of Hormuz, a critical chokepoint for global oil shipments.
- Trump's initial threat, made last Saturday, had included a warning to destroy Iran's power plants if the strait was not reopened within 48 hours, raising fears of a major escalation in the conflict.
