{"id":516826,"date":"2026-04-07T01:32:18","date_gmt":"2026-04-07T01:32:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/516826\/"},"modified":"2026-04-07T01:32:18","modified_gmt":"2026-04-07T01:32:18","slug":"wall-street-knows-something-about-trump-and-iran-both-sides-are-running-out-of-time","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/516826\/","title":{"rendered":"Wall Street knows something about Trump and Iran: Both sides are running out of time"},"content":{"rendered":"

After a dramatic Easter weekend for the war in Iran\u2014downed American fighter jets, a daring rescue behind enemy lines,<\/a> and strikes on universities and petrochemical plants\u2014traders hesitated at Monday\u2019s opening bell.\u00a0<\/p>\n

Both the S&P and prices of crude were little changed at the open, and both ticked slightly up in the first hours of morning trading.\u00a0The market, it seems, is twiddling its thumbs while waiting for the clock to run out. It even looks like a three-way standoff between Trump, the Iranians, and the markets as each waits for the other to blink.<\/p>\n

Late Sunday evening, Axios reported<\/a> that mediators from Pakistan, Egypt, and Turkey were making a last-ditch effort to broker a deal. A senior White House official told NBC News<\/a> that a 45-day ceasefire was \u201cone of many things being discussed,\u201d but that President Trump had not signed off on the idea. Yet by Monday morning, Iranian foreign ministry spokesperson Esmail Baghaei called a proposal<\/a> for a short-term ceasefire \u201cillogical\u201d and unacceptable, saying that agreeing to such terms without guarantees that they won\u2019t be struck again is something \u201cno rational person would do.\u201d<\/p>\n

It is unclear if Baghaei was referring exactly to that 45-day ceasefire plan. However, Gregory Brew, a senior oil analyst at Eurasia Group, called Iran\u2019s reaction \u201cunsurprising.\u201d<\/p>\n

\u201cIran has little incentive<\/a> to give up the Strait [of Hormuz] for a temporary reprieve\u2014especially with the U.S. moving more assets into the region,\u201d Brew wrote<\/a> on X<\/a>.<\/p>\n

Despite the noise over the ceasefire, one thing is clear: Both sides are running out of time. Over the weekend, Trump set his fourth deadline for Iran<\/a> to reach a deal\u2014Tuesday at 8 p.m. ET. The extension came alongside an expletive-laden threat to \u201copen the F\u2013kin\u2019 Strait,\u201d with Trump warning he would strike Iran\u2019s power plants and bridges if no agreement is reached. Humanitarian groups have warned that targeting civilian infrastructure would constitute a war crime, a charge that Iran\u2019s deputy foreign minister echoed, citing the Geneva Conventions.<\/p>\n

Meanwhile, the casualties keep climbing. Iranian state media reported that at least 25 people, including six children, were killed overnight<\/a> as U.S.-Israeli strikes hit a Tehran university and two petrochemical plants. Israel said it struck the South Pars petrochemical facility<\/a> in Asaluyeh, which its defense minister said is responsible for roughly 50% of Iran\u2019s petrochemical production. On the other side, Iranian missiles<\/a> killed four people in a residential neighborhood in Haifa, with an infant among the injured.<\/p>\n

And every day the Strait of Hormuz stays effectively closed, the energy crisis deepens. U.S. crude is trading around $111 a barrel, roughly double where it started the year. Two Qatari LNG tankers attempted to exit the strait<\/a> Monday but turned back, underscoring just how tense the situation is in the waterway.\u00a0 According to S&P Global Market Intelligence, just 35 ships transited the strait over Easter weekend\u2014a surge compared with the negligible amounts crossing in the weeks since the war, but still a fraction of the 150-plus daily transits recorded before the war began on Feb. 28.<\/p>\n

Veteran oil analyst Tom Kloza emphasized the uptick in transits doesn\u2019t mean the crisis is easing: \u201cI think you\u2019re going to see some movement from people who are either willing to venture, willing to risk the cargoes, or perhaps have some assurances from various channels,\u201d he told Fortune. But still, global supply is running well short of the roughly 104 million barrels per day the world consumes. \u201cThere\u2019s still a hole in the vessel,\u201d Kloza said. \u201cYou\u2019re losing more oil than you\u2019re building.\u201d<\/p>\n

Getting below $100 a barrel, he said, would require not just a ceasefire but a genuine resumption of flows; oil departing the strait and Saudi Arabia\u2019s Yanbu port at something close to prewar volumes.\u00a0<\/p>\n

\u201cThat\u2019s a long haul from now,\u201d he said.\u00a0<\/p>\n

Until then, Kloza expects crude and product prices to keep grinding higher, punctuated by sharp swings on every headline. \u201cToday looks like superficial scratches, whereas other days are like a vein has been busted,\u201d he said. \u201cWe haven\u2019t reached the level that inspires demand destruction yet.\u201d<\/p>\n

One news item that might thaw the standoff: Trump is scheduled to hold a press conference at 1 p.m. ET, ostensibly about the airman rescue. Markets will be listening for any hint of how negotiations are going. <\/p>\n","protected":false},"excerpt":{"rendered":"After a dramatic Easter weekend for the war in Iran\u2014downed American fighter jets, a daring rescue behind enemy…\n","protected":false},"author":2,"featured_media":516827,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[148411,44019,84,25707,141,59,585,2784,9084,467,632,56,54,55,7181,636],"class_list":{"0":"post-516826","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-big-oil","9":"tag-brent-crude","10":"tag-business","11":"tag-crude-oil","12":"tag-donald-trump","13":"tag-gb","14":"tag-iran","15":"tag-iraq","16":"tag-israel","17":"tag-markets","18":"tag-middle-east","19":"tag-uk","20":"tag-united-kingdom","21":"tag-unitedkingdom","22":"tag-wall-street","23":"tag-war"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/516826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=516826"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/516826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/516827"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=516826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=516826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=516826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}