Trading today could hinge on any fresh escalation or de-escalation of the war, as well as the impact of oil prices. Stocks were resilient early this week despite war concerns.

President Trump's deadline tonight for Iran to re-open the strait or face new attacks could keep investors nervous today, keeping focus on oil. A Treasury auction is also on tap.

Stocks are lower across the board, with oil prices and the VIX higher, as markets monitor Trump’s upcoming deadline on the reopening of the Strait of Hormuz.

Stocks gave back some of Monday's gains, weighed on by lack of ceasefire progress before tonight's 8 p.m. ET deadline for Iran set by Trump. Oil climbed to nearly $115.

The Reserve Bank of New Zealand is expected to keep the Official Cash Rate unchanged tonight.

Friday's March payrolls data that showed jobs growth of 178,000 sent bond yields higher in holiday trading. This week brings key inflation reports and earnings from Delta.

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