Overnight headlines on April 7th
1. The U.S. stock market closed slightly higher, with the Dow rising 0.36%, the Nasdaq rising 0.54%, and the S&P 500 rising 0.44%. The Nasdaq China Golden Dragon Index fell by 0.27%.
2. International oil prices rose, with WTI crude oil settling at $112.41 per barrel for the May contract, up 0.78%; Brent crude oil settling at $109.77 per barrel for the June contract, up 0.68%.
3. U.S. President Trump stated that if Iran does not "surrender" by 8:00 p.m. Eastern Time on April 7, he will launch an attack on Iran's civilian infrastructure.
4. U.S. President Trump responded to Iran's response to the ceasefire proposal made by the United States. Trump stated that the deadline for reaching an agreement with Iran is Tuesday. Trump also commented that while Iran's proposal is meaningful, it is not good enough. Trump also said that if it were up to him, he would "take the oil."
5. The Iranian Islamic Republic Army announced on April 6th that it had used drones to strike military bases in the Saudi Al-Sha'ir base and the Kuwaiti Udaini helicopter base.
6. The Iranian Parliament's National Security Committee has begun deliberating on a plan aimed at asserting Iranian sovereignty and developing new arrangements and legal frameworks for the Strait of Hormuz.
7. Ukrainian President Zelensky stated on April 6th that if Russia stops attacking Ukrainian energy facilities, Ukraine will respond in kind.
8. The U.S. "Artemis II" manned lunar mission has broken the record for the farthest human flight from Earth.
9. Israeli officials revealed that Israeli Prime Minister Netanyahu warned President Trump during their conversation on the 5th not to reach a ceasefire with Iran at this stage.
10. Iran responded to the U.S. proposal to end the war, excluding the possibility of a temporary ceasefire and emphasizing the need to permanently end the conflict.
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