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Stocks eke out gain ahead of tonight’s deadline for Iran to reopen the Strait of Hormuz

Traders were jittery ahead of the looming deadline, while President Trump posted on Truth Social that “a whole civilization will die tonight” if an agreement is not reached.

Tasha Matsumoto

The S&P 500 and Nasdaq 100 eked out gains in the final minutes of trading, continuing their five-day winning streaks, while the Russell 2000 rose as well. Stocks pared steeper losses as a few reports gave investors a glimmer of hope that negotiations with Iran could progress.

US President Donald Trump has previously pledged that if a deal to end the conflict that includes the reopening of the Strait of Hormuz is not reached by tonight at 8 p.m. ET, the US will attack the Iran’s power plants and bridges.

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