Trump's four-hour threat, an explosion occurred on Hark Island, and oil prices are currently reacting relatively calmly.

ME News report: April 7 (UTC+8) — After reports of an explosion on Hark Island by Iran’s Mehr News Agency, oil prices have edged higher. At a Monday press conference, Trump said that if Iran fails to meet the requirements before the final deadline at 8 p.m. Eastern Time, the U.S. may destroy all bridges to Iran’s power plants within four hours. This escalation is likely to cause energy prices to jump sharply. In addition, The Wall Street Journal reported that negotiators are pessimistic that Iran will meet Trump’s demand to allow ships free passage through the Strait of Hormuz. However, oil prices have not moved significantly. Perhaps the market does not believe Trump will stick to his deadline. AJ Bell analyst Dan Coatsworth said, “Either Washington or Tehran makes concessions, which could trigger a sharp rebound in the stock market and a pullback in energy prices. Or the situation could escalate substantially, affecting financial markets in a variety of ways.” But there is a third outcome. He added, “Another scenario is that the deadline is extended, and the market will go through another period of unease as it tries to gauge the latest developments between the U.S. and Iran.”(Jin10 ) (Source: ODAILY)