Dow Climbs, Brent Crude Rises Above $100 -- WSJ

Dow Jones03-25

By Chelsey Dulaney

Brent crude futures climbed back above $100 a barrel as the challenges of defusing the conflict in the Middle East set in for global investors.

President Trump's decision early Monday to postpone new strikes on Iran's energy infrastructure for five days unleashed a steep selloff in oil and rally in stocks. But Tehran's denial of direct talks with the U.S. and fresh attacks by Iran on its Gulf neighbors have tempered hopes for a quick resolution.

The Dow Jones Industrial Average reversed an early decline and recently rose 0.1%, while the Nasdaq composite fell 0.5%. Shares in alternative asset managers fell on news of more investors getting cold feet about private credit and asking to pull their money out.

Government bond yields resumed their rise and the dollar climbed.

Investors will be watching for details on a potential in-person meeting later this week between U.S. and Iranian officials. Meanwhile, Saudi Arabia and the United Arab Emirates are inching closer toward joining the fight against Iran, and energy flows through the Strait of Hormuz remain paralyzed.

Write to Chelsey Dulaney at chelsey.dulaney@wsj.com

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 24, 2026 12:47 ET (16:47 GMT)

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

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