{"id":4439,"date":"2026-03-25T14:35:39","date_gmt":"2026-03-25T14:35:39","guid":{"rendered":"https:\/\/www.worldpumpnews.com\/?p=4439"},"modified":"2026-03-25T14:35:39","modified_gmt":"2026-03-25T14:35:39","slug":"oil-prices-dip-stock-markets-soar-on-iran-war-off-ramp-hopes-national","status":"publish","type":"post","link":"https:\/\/www.worldpumpnews.com\/?p=4439","title":{"rendered":"Oil prices dip, stock markets soar on Iran war off ramp hopes – National"},"content":{"rendered":"

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Hope for a possible end to the war with Iran is taking over again on Wall Street Wednesday, and stocks are back to jumping while oil prices ease.<\/p>\n

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The S&P 500 rose 1.1 per cent in its latest flip \u2013 flop after the United States delivered a plan to pause the war to Iran. The Dow Jones Industrial Average was up 529 points, or 1.1 per cent, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.3 per cent higher.<\/p>\n

Canada\u2019s main stock index, the Toronto Stock Exchange, was up about 1.5 per cent as of publication.<\/p>\n

The price for a barrel of Brent crude fell 5.4 per cent to US$94.78 on hopes that a cooldown in fighting could allow oil and natural gas to flow more freely from the Persian Gulf to customers around the world. Many oil tankers are currently stuck outside the Strait of Hormuz off Iran\u2019s coast, and the blockage has sent Brent crude to nearly $120 per barrel at times.<\/p>\n

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But the moves in markets are still tentative, and they have been quick to swing since the war began more than three weeks ago with strikes by the United States and Israel on Iran. Many of the sudden reversals in momentum have struck hour to hour as uncertainty continues to dominate about how long the war will last.<\/p>\n

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Keeping up that uncertainty: Iran did not confirm receiving the U.S. proposal for a ceasefire, and it publicly dismissed the diplomatic effort while launching more attacks on Israel and Gulf Arab countries. Iran also continued to come under attack, and the U.S. military is deploying paratroopers and more Marines to the region.<\/p>\n

Optimism, though, was nevertheless evident in financial markets worldwide. Stock indexes climbed more than one per cent from London to Paris to Shanghai. The Nikkei 225 in Japan leaped 2.9 per cent.<\/p>\n

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