← April 7, 2026 briefing
US-Iran War Escalates as Hormuz Deadline Expires
World

US-Iran War Escalates as Hormuz Deadline Expires

Trump threatened to destroy Iran 'in one night' as his deadline for Tehran to reopen the Strait of Hormuz passed, with Defense Secretary Pete Hegseth confirming US forces conducted more strikes on Iran in a single day than at any previous point in the war. Iran's military dismissed the threats as 'delusional,' while Hezbollah and the Houthis launched coordinated strikes on Israel alongside Iran. The UK has convened an emergency conference on securing safe passage through the strait, a chokepoint for roughly 20% of global oil supply.

MarketIran x Israel/US conflict ends by...?
Iran x Israel/US conflict ends by June 30?62% chance
Sources
UK to host meeting on safe passage through Strait of Hormuz after war

UK to host meeting on safe passage through Strait of Hormuz after war

Financial Times · Apr 6

The Papers: Doctors 'hold patients hostage' and 'The whole of the moon'

The Papers: Doctors 'hold patients hostage' and 'The whole of the moon'

BBC · Apr 6

Trump says US could destroy Iran ‘in one night’ as he demands opening of Hormuz

Trump says US could destroy Iran ‘in one night’ as he demands opening of Hormuz

Financial Times · Apr 6

Iran’s top military command calls Trump’s threats against infrastructure ‘delusional’

Iran’s top military command calls Trump’s threats against infrastructure ‘delusional’

Financial Times · Apr 6

Vance heads to Budapest to shore up Orban’s support before Sunday vote

Vance heads to Budapest to shore up Orban’s support before Sunday vote

Al Jazeera · Apr 7

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