President Donald Trump’s latest deadline for Iran to agree to a deal is just hours away, and investors are once again finding themselves forced to prepare for a range of possible outcomes.

The U.S. stock market drifted higher in tentative trading ahead of a deadline President Trump has set for Iran to open the Strait of Hormuz.

Iran warned Monday that it will deliver a “crushing” response if President Donald Trump follows through on threats to hit Iranian power plants, bridges and other infrastructure unless Tehran lifts its chokehold on the Strait of Hormuz.

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.

President Donald Trump issued a series of increasingly aggressive threats to destroy Iran’s power plants starting Tuesday and bring “Hell” to the country after US forces rescued an airman from Iran more than a day after his fighter jet was shot down.

U.S. President Donald Trump on Sunday made expletive-filled threats against Iran and its infrastructure if it doesn't open the Strait of Hormuz by his Tuesday deadline, after American forces rescued a wounded aviator whose Iran-downed plane fell behind enemy lines.

Donald Trump’s latest deadline for Iran to agree to a deal is just hours away, and investors are once again struggling to see the path forward for markets. It’s a scene that’s been replayed many times in recent weeks as Trump repeatedly issued ultimatums before granting Iran more time,

President Trump renewed threats of attacks on Iran if the country does not agree to a deal to reopen the Strait of Hormuz by his Tuesday night deadline. The warnings came on Monday as the president gave more details on the rescue of a missing American airman shot down over Iran on Friday.