The setup rhymes with last Apr

The setup rhymes with last April. But this time, the variables are different. This isn't a tariff which Trump can decide. This is geopolitical brinkmanship with a hard deadline — 8:00 PM ET tonight (April 8 — Wednesday 8:00 AM Singapore time) — and two very different outcomes on the table.

Meanwhile, Trump — who has repeatedly extended deadlines over recent weeks — says another extension is "very unlikely." Traders, understandably, are skeptical.

US-Iran Conflict | Is Market Selloff Over? When to Buy the Dip?

Trump set an 8 p.m. ET Tuesday deadline for Iran, threatening strikes on bridges and power plants if no deal emerges, while Iran answered with a 10-point counterproposal and mediators pushed for more time. That leaves the market stuck between two reads: real diplomatic progress, or just one more delay before escalation. Hormuz headlines are still driving the tension. Do you see this ending in a last-minute deal, or a fresh shock to risk assets? Is this headline noise, or the real turning point?

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