{"id":4373,"date":"2026-03-23T13:38:35","date_gmt":"2026-03-23T13:38:35","guid":{"rendered":"https:\/\/www.worldpumpnews.com\/?p=4373"},"modified":"2026-03-23T13:38:35","modified_gmt":"2026-03-23T13:38:35","slug":"oil-prices-fall-stock-markets-set-to-rally-after-trump-delays-iran-strikes-national","status":"publish","type":"post","link":"https:\/\/www.worldpumpnews.com\/?p=4373","title":{"rendered":"Oil prices fall, stock markets set to rally after Trump delays Iran strikes – National"},"content":{"rendered":"

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The main U.S. indexes were on track to open higher on Monday after President Donald Trump said he would order the military to postpone strikes against Iranian power plants and energy infrastructure following \u201cproductive conversations\u201d with Tehran.<\/p>\n

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Iran\u2019s Fars News Agency, however, disputed Trump\u2019s statement, citing a source who said there had been no direct communication with the United States, nor via intermediaries. Israel\u2019s military said it was conducting strikes on Iran.<\/p>\n

Still, global markets staged a sharp recovery after Trump\u2019s comments, with Europe\u2019s STOXX 600 and precious metals turning positive, while oil prices fell, signaling improving risk appetite.<\/p>\n

Markets had been trading lower after Iran\u2019s Revolutionary Guards said Tehran would attack Israel\u2019s power plants and plants supplying U.S. bases in the Gulf if Trump carried out his threat to \u201cobliterate\u201d Iran\u2019s power network.<\/p>\n

\u201cIt\u2019s exactly what the market needed to hear to sort of reprice worst case expectations. This means there is potential for the Strait of Hormuz to reopen; it\u2019s being priced in almost immediately,\u201d said Fiona Cincotta, senior market analyst at City Index.<\/p>\n

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The recovery depended on if \u201cwe get more supportive comments, particularly from Iran\u201d that progress was being made, she said.<\/p>\n

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At 08:03 a.m. ET, Dow E-minis rose 653 points, or 1.42 per cent, S&P 500 E-minis added 85.25 points, or 1.3 per cent, and Nasdaq 100 E-minis gained 312 points, or 1.29 per cent.<\/p>\n

The CBOE Volatility Index \u2013 Wall Street\u2019s fear gauge \u2013 retreated after earlier hitting its highest level in two weeks \u2013 and was last up 0.30 points at 27.08.<\/p>\n

Investors trimmed bets on interest-rate hikes from the U.S. Federal Reserve after Trump\u2019s comments, and they now stand at 20 per cent in December, compared with more than 50 per cent before, according to CME Group\u2019s FedWatch Tool.<\/p>\n

Markets had scaled back bets last week to show no easing was expected in 2026 after the Federal Reserve struck a hawkish tone, projecting higher inflation and a single reduction this year.<\/p>\n

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