Dow Futures Jump, Oil Skids After Trump Postpones Strikes on Iran -- WSJ

Dow Jones03-23
 

Oil prices dropped Monday and stock futures soared after President Trump said the U.S. will postpone further strikes on Iranian energy infrastructure for five days, citing productive talks between the two countries.

Brent crude futures fell more than 10%, dipping below $100 a barrel for the first time in days.

U.S. stock futures jumped, with contracts tied to the Dow industrials and the S&P 500 advancing 2.5%--reversing declines from earlier in the morning, when the prospect of further escalation hung over markets. The 10-year U.S. Treasury yield, which had earlier jumped above 4.4%, retreated sharply on the news of the talks.

Over the weekend, President Trump had set a deadline for Tehran to reopen the Strait of Hormuz by Monday evening, threatening to "obliterate" Iran's power plants if this didn't happen.

Gold pared losses after Trump effectively extended that deadline, but still traded 3% lower. It ended last week with steep declines on worries that higher inflation due to the conflict would keep interest rates elevated.

Bitcoin jumped around 4%, as did other cryptocurrencies.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

 

(END) Dow Jones Newswires

March 23, 2026 07:38 ET (11:38 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment