Summary

Pakistan Prime Minister Shehbaz Sharif requested a two-week extension of Trump's 8 PM ET Hormuz deadline while asking Iran to open the strait as a goodwill gesture. The intervention came as US strikes on Kharg Island's military targets were already underway. Markets rallied late-session on extension hopes after earlier selloff on Trump's "A whole civilization will die tonight" post.

Full report archived. Key sources: CNBC, Reuters, Bloomberg, NBC News.

Key Developments

• Trump 8 PM ET deadline for Hormuz reopening
• Pakistan PM requests 2-week extension
• US strikes Kharg Island military targets before deadline
• IRGC warns "restraint is over"
• Markets whipsawed: Dow -300 pts intraday to +301 pts close