# US stocks fell Tuesday morning and oil prices rose as President Trump’s 8 p.m.

*business · news · 2026-04-07 · New York Post*

## Key points

- US reportedly struck Iran’s Kharg Island, which handles 90% of Iranian crude oil exports.
- President Trump set an 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz.
- Trump threatened to bomb Iran’s power plants and bridges if the deadline is not met.
- Attacks on Middle East energy infrastructure since February 28 have damaged facilities in Iran, Qatar, and Saudi Arabia.
- Analysts warn oil prices may stay high even if the conflict ends soon due to infrastructure damage.

**Countries:** United States, Iran

[Read the full story on New York Post](https://nypost.com/2026/04/07/business/dow-falls-300-points-oil-jumps-as-trumps-iran-bombing-deadline-quickly-approaches/)

---

Canonical: https://newsio.io/n/baba70d8-6d95-4335-a092-648e1701b77d/us-stocks-fell-tuesday-morning-and-oil-prices-rose-as-president-trumps-8-p-m
Summarized by Newsio from New York Post. https://newsio.io/how-it-works