Oil prices fell to $100 after Trump indicated the Iran war could end in weeks. Brent crude surged 60% in March marking the biggest monthly gain since 1988. The dramatic reversal sent shockwaves through energy markets that had priced in extended conflict.
Gulf states now consider new pipelines to bypass the Strait of Hormuz. The FT reported countries revisiting plans that replicate Saudi Arabia's East-West pipeline despite huge cost. Governments from Bangladesh to Zambia imposed energy rationing measures to cut fuel demand.
The S&P 500 snapped its losing streak logging its strongest weekly rally since November. F Ford CEO Jim Farley promised an affordable vehicle to compete with Model Y stoking auto sector optimism. Asia-Pacific markets plunged earlier then rebounded as South Korea's Kospi led gains on Trump's war-end comments.
European stocks posted their worst month since 2022 as the conflict dragged on. The dollar rose against peers on renewed Middle East concerns then dropped on reports of US willingness to end the Iran campaign. Gold fell on a stronger dollar and rising rate bets after extending gains earlier.
WFRD Weatherford International proposed redomiciling its parent company from Ireland to the United States. Intrepid Potash signed a deal to sell majority assets of Intrepid South Ranch for $70M to HydroSource Logistics.
REGN Regeneron partnered with TriNetX to support drug discovery capabilities and digital health solutions. DAL Delta reports Tuesday as airlines face extreme fuel volatility amid the energy chaos. Oil traders normally thriving on volatility were caught out by the crisis scale as the energy shock unfurled.
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