# Oil prices rise after President Trump set a Tuesday night deadline for Iran to reopen the Strait of Hormuz.

*business · news · 2026-04-07 · MarketScreener*

## Key points

- President Trump set a Tuesday night deadline for Iran to reopen the Strait of Hormuz.
- Trump threatened to target Iranian bridges and electric plants if the strait remains closed.
- Iran rejected a 45-day cease-fire proposal and demanded permanent guarantees and sanctions relief.
- Morgan Stanley estimates aluminum supply losses from the Middle East conflict could persist through 2026.
- Disrupted aluminum operations account for about 4% of global supply and may take 12 months to restart.

**Companies:** Morgan Stanley, South32, Rio Tinto
**Countries:** Iran, United States, Australia, Japan, Europe

[Read the full story on MarketScreener](https://www.marketscreener.com/news/u-s-military-planning-for-potential-strikes-on-2-ce7e51d3dc81f32d)

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