08:20 AM EDT, 04/07/2026 (MT Newswires) -- US equity futures were lower pre-bell Tuesday as President Donald Trump's deadline for a peace agreement with Iran approached.

Dow Jones Industrial Average futures were down 0.4%, S&P 500 futures were 0.5% lower, and Nasdaq futures were down 0.6%.

On Monday, Trump reiterated his warning that the US would strike Iran's power plants and bridges if the Strait of Hormuz is not reopened by 8 pm ET Tuesday.

"We're giving them till tomorrow, 8 o'clock Eastern time, and after that, they're going to have no bridges," Trump told reporters at the White House Monday.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.3% at $111.17 per barrel and US West Texas Intermediate crude 3.2% higher at $115.95 per barrel.

The February durable goods orders report, scheduled for release at 8:30 am ET, is expected to show a 1% decline after no change in the prior month, according to estimates compiled by Bloomberg.