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Global Markets Surge, Oil Futures Drop as Trump Reports Iran Progress

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Markets Soar, Oil Plummets as Trump Announces Iran Progress

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News18•23-03-2026, 18:00

Markets Soar, Oil Plummets as Trump Announces Iran Progress

•Wall Street shot higher and global oil futures tumbled Monday.
•President Donald Trump extended his deadline for Iran to reopen the crucial Strait of Hormuz.
•US will hold off on strikes against Iranian power plants and other energy infrastructure for five days.
•Trump's social media post came as the war with Iran enters its fourth week.
•Futures for the S&P 500 and Dow Jones Industrial Average soared 2.6 per cent; oil prices sank as much as 10 per cent.

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