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Trump's Iran Deadline Looms, Options Reviewed

Source: barrons.com

TL;DR

President Trump's deadline for Iran to reopen the Strait of Hormuz nears with no clear deal, prompting a review of U.S. military and diplomatic options.[[1]](https://www.barrons.com/articles/trump-iran-deadline-looms-options-32b7b9a4?mod=barronsgooglenews)
Iran offered safe passage through the strait for two weeks via coordination with its armed forces, after Pakistani mediation.[[2]](https://www.barrons.com/articles/trump-iran-deadline-looms-options-32b7b9a4?mod=hp_LEDE_C_1)[[3]](https://www.wsj.com/livecoverage/iran-war-2026-trump-deadline-latest-news/card/T3cGYgkI1Nr0rcjx5Gzn)
The standoff risks escalation to strikes on Iranian power plants and bridges, but a temporary pause emerged to allow talks.[[4]](https://www.wsj.com/livecoverage/iran-war-2026-trump-deadline-latest-news)

The story at a glance

President Donald Trump faces an expiring deadline for Iran to fully reopen the Strait of Hormuz amid an ongoing war started by U.S. and Israeli strikes in late February. Iran's Foreign Minister Seyed Abbas Araghchi stated the Supreme National Security Council agreed to cease attacks and coordinate safe ship passage for two weeks. This comes after Pakistani Prime Minister Shehbaz Sharif urged an extension, as Trump threatened to destroy Iran's infrastructure like bridges and power plants by Tuesday's 8 p.m. ET cutoff. The war has closed the strait, a key route for one-fifth of global oil.[[2]](https://www.barrons.com/articles/trump-iran-deadline-looms-options-32b7b9a4?mod=hp_LEDE_C_1)[[4]](https://www.wsj.com/livecoverage/iran-war-2026-trump-deadline-latest-news)

Key points

Trump has issued multiple shifting deadlines since March 21, starting with 48 hours to reopen the strait or face power plant strikes, extended several times amid talks.[[5]](https://www.foxnews.com/politics/timeline-trumps-escalating-deadlines-on-iran-and-the-strait-hormuz.amp)
Iran rejected shorter cease-fires like 45 days, countering with a 10-point proposal for permanent end to war, sanctions relief, and strait governance changes; Trump called it progress but not enough.[[6]](https://www.wsj.com/livecoverage/iran-war-2026-trump-deadline-latest-news/card/iran-rejects-proposal-for-45-day-cease-fire-demands-permanent-end-to-war-jcFuOZiAWoD6GN8zSZ0h)[[7]](https://www.wsj.com/livecoverage/iran-war-2026-trump-deadline-latest-news/card/cease-fire-deal-leaves-durable-u-s-iran-agreement-still-far-from-secure-2KsQlZ6UcGM88MQjOkKo)
Trump agreed to suspend attacks for two weeks if Iran immediately opens the strait fully, following Pakistan's request, with U.S. halting offensive operations.[[4]](https://www.wsj.com/livecoverage/iran-war-2026-trump-deadline-latest-news)[[8]](https://www.wsj.com/livecoverage/iran-war-2026-trump-deadline-latest-news/card/trump-agrees-to-two-week-cease-fire-with-iran-r5jmI8YZ8KnGtuSMKMIq)
Araghchi specified safe passage under Iranian armed forces coordination, with technical limits, if U.S. and Israeli attacks stop.[[3]](https://www.wsj.com/livecoverage/iran-war-2026-trump-deadline-latest-news/card/T3cGYgkI1Nr0rcjx5Gzn)
Markets reacted with oil prices falling on de-escalation news, after earlier surges above $110 per barrel from closure fears.[[9]](https://www.wsj.com/finance/commodities-futures/iran-war-will-keep-oil-prices-high-through-2q-westpac-says-52d108a9)

Details and context

The U.S.-Iran war began with strikes on February 28, leading Iran to block the Strait of Hormuz, halting oil, fertilizer, and other shipments and spiking energy prices worldwide. Trump has used escalating threats, from power plants to "whole civilization" warnings, while extending deadlines repeatedly—March 21 (48 hours), March 23 (+5 days), March 26 (+10 days), up to Tuesday April 7 at 8 p.m. ET.[[10]](https://www.aljazeera.com/news/2026/4/5/trump-threatens-hell-for-iran-over-hormuz-strait-as-deadline-approaches)[[5]](https://www.foxnews.com/politics/timeline-trumps-escalating-deadlines-on-iran-and-the-strait-hormuz.amp)

Options discussed include further infrastructure strikes, B-2 bomber runs, seizing Kharg Island oil terminal, or U.S. tolls on strait passage; a full reopening push was deemed too risky now, with allies possibly leading later.[[11]](https://www.youtube.com/watch?v=jJ6WIUxGVGI)

Pakistan mediated the pause, tagging U.S. and Iranian officials; Iran insists on permanent terms, while Trump eyes a deal acceptable to him for free traffic.[[12]](https://www.wsj.com/business/pakistan-seeks-two-week-extension-to-trumps-iran-deadline-72d1112d)

Key quotes

"If attacks against Iran are halted, our Powerful Armed Forces will cease their defensive operations. For a period of two weeks, safe passage through the Strait of Hormuz will be possible via coordination with Iran’s Armed Forces and with due consideration of technical limitations." — Iranian Foreign Minister Seyed Abbas Araghchi on X.[[2]](https://www.barrons.com/articles/trump-iran-deadline-looms-options-32b7b9a4?mod=hp_LEDE_C_1)[[3]](https://www.wsj.com/livecoverage/iran-war-2026-trump-deadline-latest-news/card/T3cGYgkI1Nr0rcjx5Gzn)
"Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir of Pakistan... subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks." — President Donald Trump on social media.[[8]](https://www.wsj.com/livecoverage/iran-war-2026-trump-deadline-latest-news/card/trump-agrees-to-two-week-cease-fire-with-iran-r5jmI8YZ8KnGtuSMKMIq)

Why it matters

The Strait of Hormuz closure threatens global energy supplies, with one-fifth of seaborne oil at stake, fueling inflation and recession risks. Investors and oil importers gain short-term relief from the two-week pause and falling prices, but businesses face uncertainty if talks fail and strikes resume. Watch for compliance on safe passage, progress on Iran's 10-point demands versus U.S. terms, and any new deadlines, as a durable deal remains distant.[[7]](https://www.wsj.com/livecoverage/iran-war-2026-trump-deadline-latest-news/card/cease-fire-deal-leaves-durable-u-s-iran-agreement-still-far-from-secure-2KsQlZ6UcGM88MQjOkKo)