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Iran Defiant on Eve of Trump's Ceasefire Deadline
Published by Global Banking & Finance Review®
Posted on April 7, 2026
4 min readLast updated: April 7, 2026
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Published by Global Banking & Finance Review®
Posted on April 7, 2026
4 min readLast updated: April 7, 2026
Add as preferred source on GoogleOn April 7, 2026, Iran rejected U.S.–brokered ceasefire terms and refused to reopen the strategically vital Strait of Hormuz ahead of President Trump’s looming ultimatum, as tensions between Tehran, Washington, and Israel sharply escalated amid surging oil prices.
DUBAI/WASHINGTON, April 7 (Reuters) - Iran and Israel traded attacks on Tuesday as Tehran defiantly refused to reopen the Strait of Hormuz and accept a ceasefire deal on the eve of a deadline set by U.S. President Donald Trump to agree to his demands or get "taken out."
Iran has rejected a U.S. proposal brokered by Pakistan for an immediate ceasefire and the lifting of its effective blockade of the strait, followed by talks on a broader peace settlement within 15 to 20 days, according to a source aware of the plan.
The Iranian response consisted of 10 clauses, including an end to conflicts in the region, a protocol for safe passage through the Strait of Hormuz, lifting of sanctions, and reconstruction, official IRNA news agency reported.
On Monday, Trump said "the entire country can be taken out in one night, and that night might be tomorrow night." He vowed to destroy Iranian power plants and infrastructure if Tehran refused to agree before the deadline.
Without a deal, Trump said "every bridge in Iran will be decimated" by midnight EDT (0400 GMT) on Wednesday and "every power plant in Iran will be out of business, burning, exploding, and never to be used again."
FIGHTING UNABATED
Early on Tuesday, the Israeli military said it had completed a wave of airstrikes targeting Iranian government infrastructure in Tehran and other areas. It was operating air defence systems to intercept missiles launched from Iran.
Saudi Arabia intercepted ballistic missiles towards its eastern region with debris falling near energy facilities, its defence ministry said without specifying who launched the projectiles.
Saudi Arabia has come under attack from hundreds of Iranian missiles and drones since the U.S. and Israel launched the war on Iran on February 28, most of which were intercepted, authorities have said.
Saudi Arabia, the United Arab Emirates and Bahrain issued simultaneous public safety alerts on Tuesday.
Trump has brushed off questions that his vow to wipe out Iranian power plants would constitute war crimes, saying he was "not at all" concerned about the prospect.
"I hope I don't have to do it," he said.
Iran's envoy to the United Nations said on Monday Trump's threat to strike was "direct incitement to terrorism and provide clear evidence of intent to commit war crimes under international law."
Iran's deputy sports minister, Alireza Rahimi, called on artists and athletes to form human chains at power plants across the country on Tuesday, and its top military command said Trump was "delusional."
A synagogue in the centre of Iran's capital was heavily damaged by a U.S.-Israeli projectile on Tuesday, according to the semi-official news agency Mehr.
CHOKEHOLD
Oil prices hovered around $110 per barrel on Tuesday as Trump's deadline loomed and little visible prospect of the reopening of the Strait of Hormuz, a key global oil transit chokepoint that has spurred inflation worries around the world.
Iran effectively closed Hormuz, a conduit for about a fifth of the world's oil and natural gas supply that has proved a powerful bargaining chip for Tehran which it is reluctant to relinquish.
Brent crude futures rose 0.4% to $110.19 a barrel while U.S. West Texas Intermediate crude futures climbed 0.8% to $113.31.
Trump was on the verge of a political crisis as Iran proved a tougher adversary than he predicted at the start of the conflict, which he said was aimed at stopping the country from building nuclear weapons and developing missiles to deliver them.
With 13 U.S. service members killed since the conflict began, he found himself on an even more perilous ground when a U.S. F-15E fighter jet was downed on Friday and one of the two airmen was left stranded deep inside Iranian territory.
A rescue mission by U.S. commandos to extract the stranded weapons specialist officer to safety helped avert a disastrous escalation of a political crisis for Trump.
Thousands of people have been killed across the Middle East in the war, including 3,546 in Iran, U.S.-based rights group HRANA said, and nearly 1,500 in Lebanon where Israel has targeted the Iran-backed Hezbollah militia.
(Reporting by Reuters bureaus worldside; Writing by Jack Kim; Editing by Stephen Coates)
Iran refused to reopen the Strait of Hormuz and did not accept the ceasefire deal brokered by Pakistan before the U.S. deadline.
Trump threatened to destroy Iranian power plants, bridges, and infrastructure if Tehran refused the terms before the deadline.
Oil prices hovered around $110 per barrel as the closure of the Strait of Hormuz impacted global supply.
Israel launched airstrikes on Iranian infrastructure, and both sides exchanged missile attacks, escalating the conflict.
The Strait of Hormuz is a critical global oil transit chokepoint, and its closure by Iran affects global energy markets.
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