Trump's "deadline" pressures Iran, causing both benchmark international oil prices to jump.

China Financial News Agency April 7 (Editor Zhao Hao) On Monday (April 6), during trading in the U.S. stock market, U.S. President Trump once again issued threats to Iran, and financial markets showed clear volatility, with both major international crude oil benchmarks jumping up at the same time.

At the time, Trump claimed at a White House press conference that, if Iran fails to “surrender” before 20:00 Eastern Time on April 7, he will launch attacks on Iran’s civilian infrastructure.

Affected by the news, the front-month price of U.S. WTI crude oil futures jumped at one point to $114 per barrel, and the front-month price of Brent crude oil futures also rose above the $110 level; meanwhile, the three major U.S. stock indexes pulled back somewhat.

Trump said that the U.S. military “has actually already drawn up a set of plans. Once activated, during the four hours from 8:00 p.m. to 12:00 a.m. Eastern Time on April 7, every bridge inside Iran will be completely destroyed, every power plant inside Iran will be completely paralyzed, engulfed in flames and explosions—after that, it will never be able to be used again. Everything will be completely turned into rubble, and the entire process will only take a short 4 hours.”

Not long before the story was published, the Israel Defense Forces issued a statement saying that the Israeli side had carried out strikes on two major petrochemical complexes in Iran, dealing a severe blow to Iran’s ability to export petrochemical products, with more than 85% of its export capacity impacted.

Earlier that day, Iran responded to Pakistan regarding the U.S. proposal to end the war. The package includes 10 clauses, with the core contents including: emphasizing that the war must be permanently ended in accordance with Iran’s concerns, post-war reconstruction, lifting sanctions, and so on.

In response, Trump commented that Iran’s proposal is meaningful, but still not good enough. Trump also said whether the fighting is about to escalate or is nearing an end depends on Iran’s response to the “final deadline” he set.

Regarding the Strait of Hormuz, Trump said that reopening the strait is of top priority. He also said that the transit tolls charged to vessels passing through the Strait of Hormuz should be collected by the United States rather than by Iran.