U.S. stock index futures fell (S&P 500 -0.3% to 6,603, Nasdaq -0.2% to 24,175.75, Dow -0.4% to 46,535) after Trump set a Tuesday deadline for Iran to reopen the Strait of Hormuz.
Trump threatened to strike Iran’s power plants and bridges if the strait isn’t opened by 8:00 p.m. ET Tuesday, heightening geopolitical tension.
Oil prices rose over 2% in Asian trading as markets priced prolonged supply disruption at the critical chokepoint.
U.S. March non‑farm payrolls added 178,000 jobs, unemployment fell to 4.3%, indicating labor‑market resilience per ING analysts.