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Asia-Pacific markets set to open higher Tuesday, tracking Wall Street gains.
Trump threatened to target Iran's civilian infrastructure if no peace deal is reached within 24 hours.
KEY POINTS
- Trump demanded Iran reopen the Strait of Hormuz by 8 p.m. Tuesday or face attacks on infrastructure.
- Iran rejected the U.S. ceasefire proposal and offered its own 10-point plan including lifting sanctions.
- Trump acknowledged Iran's proposal as a significant step but said it was not good enough.
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