U.S. stocks were ​lower on Tuesday as investors steeled themselves ahead of President Donald Trump's deadline for Iran to open the Strait ‌of Hormuz.

US allies are reportedly pressing for a last-minute deal with Iran, as President Donald Trump extended his deadline to Tuesday for Tehran to reopen the Strait of Hormuz, keeping markets on edge over whether a breakthrough can be reached.

Iran's top officials pushed back against President Trump's deadline to open the Strait of Hormuz, striking a defiant tone as the warring sides traded missile attacks.

Oil futures posted modest gains as President Trump reiterated Tuesday’s 8 p.m. ET deadline for Iran to reach a deal to end the Middle East conflict—one that includes opening the Strait of Hormuz.

Oil prices rose again as President Donald Trump stepped up his threats against Iran if Tehran does not come to a deal on the Strait of Hormuz.

US President Donald Trump issued new threats and mused about negotiations at a White House press conference Monday as the war with Iran continues. Earlier, Tehran rejected a temporary ceasefire proposed by negotiators,

Indian shares erased early losses to end higher on Monday on hopes of easing Middle East tensions, ​with bank stocks leading gains after several lenders reported strong March-quarter ‌loan growth.

President Donald Trump is encountering resistance from one-time MAGA allies over his threat to demolish Iran’s infrastructure on Tuesday night unless a deal is reached to end the war and reopen the Strait of Hormuz.