--- title: "The deadline for Trump is approaching, and the market \"falls first to pay respect,\" with the Nasdaq down over 1% and oil prices soaring" type: "News" locale: "en" url: "https://longbridge.com/en/news/281900115.md" description: "As the key deadline set by the United States for Iran approaches, global financial markets are experiencing increased volatility, with U.S. stocks under pressure and the Nasdaq down more than 1%. Trump warned that if Iran does not reopen the Strait of Hormuz, it will face strikes, escalating tensions, and the U.S. has already carried out military strikes against Iran. Oil prices surged, with WTI futures rising by 3.6%. Analysts are pessimistic about reaching an agreement in the short term, believing that the situation in the Strait of Hormuz will continue to affect market volatility. UBS has lowered its S&P 500 index target to 7,500 points" datetime: "2026-04-07T14:48:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281900115.md) - [en](https://longbridge.com/en/news/281900115.md) - [zh-HK](https://longbridge.com/zh-HK/news/281900115.md) --- # The deadline for Trump is approaching, and the market "falls first to pay respect," with the Nasdaq down over 1% and oil prices soaring According to Zhitong Finance APP, as the critical deadline set by the United States for Iran approaches, global financial markets have seen significant volatility, with U.S. stocks under pressure and oil prices soaring. As of Tuesday's trading session, the Dow Jones Industrial Average fell more than 200 points, a decline of about 0.5%; the S&P 500 index dropped 0.71%; and the Nasdaq fell over 1%. With rising geopolitical risks, investor risk appetite has clearly diminished. U.S. President Trump previously set a deadline, demanding that Iran reopen the Strait of Hormuz by 8 PM Eastern Time on Tuesday, or face strikes on its critical infrastructure such as power and bridges. However, recent statements and various reports indicate that the likelihood of reaching an agreement in the short term is decreasing. Trump even warned that "tonight could see the disappearance of an entire civilization." Amid escalating tensions, the U.S. has already launched military actions. According to two U.S. officials, before the deadline arrived, the U.S. conducted strikes on Iran's Hark Island early Tuesday morning, targeting over 50 military objectives, but did not involve oil infrastructure. Meanwhile, Iran's stance has noticeably hardened. According to Iranian state media, Tehran has closed all diplomatic and indirect communication channels with the U.S., further narrowing the space for negotiations. The commander of the Iranian Islamic Revolutionary Guard Corps Aerospace Force stated that the war has entered a "new phase" and that new missile systems have been deployed, with the scale of attacks set to "double." As a result, global markets have experienced severe fluctuations. Energy prices have surged rapidly, with West Texas Intermediate (WTI) crude oil futures rising about $4 during the day, an increase of 3.6%, further approaching high levels; Brent crude oil also remains at elevated levels. Gold prices saw a significant drop, with a daily decline nearing $40. Although negotiations have not completely ceased, the market generally holds a pessimistic view regarding the likelihood of reaching a comprehensive agreement in the short term. Analysts point out that with diplomatic channels closed and military confrontations escalating, the risk of conflict spilling over has significantly increased, and the situation in the Strait of Hormuz will remain a core driving factor for future market volatility. UBS has downgraded its optimistic outlook for the stock market. The bank has lowered its 2026 S&P 500 index target from 7,700 points to 7,500 points and advised investors to reduce their risk exposure in energy-sensitive markets, while still emphasizing that they should not completely withdraw from risk assets. In terms of individual stocks, in the technology sector, Broadcom (AVGO.US) performed relatively well, benefiting from expanded AI cooperation with Google and Anthropic, with its stock price rising over 3% against the trend ### Related Stocks - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) ## Related News & Research - [Trump Says He Has 'All The Cards' As Iran Talks Halt: Brent Crude Jumps To $107, Dow Futures Slip 52 Points](https://longbridge.com/en/news/284152025.md) - [Oil prices extend gains as US-Iran war deadlock keeps supply off market](https://longbridge.com/en/news/284668164.md) - [GLOBAL MARKETS-Oil prices hit $110 while stocks waver on Iran impasse](https://longbridge.com/en/news/284344885.md) - [Oil falls on UAE’s plan to exit OPEC, but Mideast tensions limit decline](https://longbridge.com/en/news/284469207.md) - [The global energy order is breaking down](https://longbridge.com/en/news/284537393.md)