BREAKING: US stock market futures fall at the open as markets react to President Trump's "48 hour deadline" for Iran to open the Strait of Hormuz:

1. S&P 500: -0.7%
2. Nasdaq 100: -0.7%
3. Dow Jones: -0.6%
4. WTI Crude: +2.0%
5. Brent: +1.5%
6. Gold: -2.5%

President Trump's deadline is now 25 hours away.

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