GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Good morning, and congratulations to everyone who had the Michigan Wolverines winning their March Madness bracket. Stock futures are lower this morning after all three major averages closed Monday's session higher. Here are five key things investors need to know to start the trading day:
1. On deadline
US President Donald Trump speaks about the conflict in Iran in the James S. Brady Press Briefing Room of the White House on April 6, 2026, in Washington, DC. Saul Loeb | Afp | Getty Images
Hopes for a ceasefire deal are fading with less than 12 hours to go until President Donald Trump's 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz. Here's what to know: Trump said yesterday that the latest ceasefire proposal is "not good enough," though he called it a "very significant step."
He also reiterated his threats of widescale U.S. attacks on Iran's power plants and bridges if the country doesn't reopen the Strait of Hormuz by this evening.
Oil prices are continuing their march higher today, with the key maritime passageway still effectively closed.
Wall Street's Citrini Research said yesterday that it sent an analyst to Oman's Musandam Peninsula for a firsthand look at traffic through the Strait. Here's what the analyst saw.
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2. Music man
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