Traders work on the ground of the New York Stock Exchange (NYSE) on March 31, 2026 in New York City.
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The S&P 500 rose on Monday for a fourth session as oil costs teetered and merchants hoped that the U.S.-Iran conflict may finish quickly.
The broad market index added 0.44% to shut at 6,611.83, whereas the Nasdaq Composite gained 0.54% and ended at 21,996.34. The Dow Jones Industrial Average climbed about 165.21 factors, or 0.36%, to settle at 46,669.88.
Axios reported that the U.S., Iran, and a bunch of regional mediators have been discussing phrases for a possible 45-day ceasefire that would result in a everlasting finish to the conflict, although the probabilities for reaching a partial deal earlier than the Tuesday deadline have been slim. To be certain, a 45-day ceasefire is simply one of many many concepts being floated.
Reuters also reported that Iran and the U.S. have acquired a plan to finish hostilities that, if agreed, would lead to a direct ceasefire and the reopening of the Strait of Hormuz. The framework, which may come into impact on Monday, was put collectively by Pakistan, an unnamed supply informed Reuters.
President Donald Trump echoed his stance on Monday that the U.S. will destroy Iran’s energy vegetation and bridges if the Middle Eastern nation doesn’t reopen the Strait by 8 p.m. ET on Tuesday. He had warned about striking that infrastructure on Sunday.
The president additionally stated that whereas he needs to take Iran’s oil, he “won’t go further.”
“What would I like to do? Take the oil, because it’s there for the taking,” he continued. “There’s not a thing they can do about it. Unfortunately, the American people would like to see us come home.”
Oil costs whipsawed in unstable buying and selling firstly of the week. The U.S. West Texas Intermediate contract for May ticked up 0.78% to shut at $112.41 per barrel. International benchmark Brent crude prices edged 0.68% greater to settle at $109.77 per barrel.
The CBOE Volatility Index, or VIX, equally remained elevated following Trump’s feedback. It was final above 24.
“The market may be underestimating the magnitude of the disruption in the world economy,” stated Michael Rosen, chief funding officer at Angeles Investments. The “immediate and intermediate impact of the energy disruption is, I think, likely to be under appreciated by the markets, meaning energy prices staying higher for longer.”
Correction: The S&P 500 rose 3.4% final week. A earlier model misstated the acquire.
