Trump Says "War Will End Soon," Crude Oil Plunges Over 30% from High, US Stocks Close Higher, Asian Markets Rebound at Opening

2 hours ago

March 10: U.S. President Trump said the Iran conflict is “basically over,” with progress moving “much faster” than his initial 4–5 week timeline. Following the news, Bitget data shows crude oil prices plunged sharply—down more than 30% from recent highs, now trading at $85.58 per barrel. Easing Middle East conflict concerns fueled a late-session rally in major U.S. stock indices: The Nasdaq led gains, regaining all losses since the conflict began. At Monday’s close, the Dow rose 0.5%, the S&P 500 0.8%, and the Nasdaq 1.38%. At a press conference, Trump added U.S. military action against Iran will end “very soon.” He noted he anticipated rising oil and gas prices, but their increase was lower than expected. Asian markets reacted positively: Japan’s Nikkei 225 topped 54,000 points (up 2.65%) and South Korea’s KOSPI jumped 5.4% to 5535.22 points at today’s open. Cryptocurrencies also rallied: Bitcoin breached $69,000 (up 4.27% in 24 hours), while Ethereum topped $2,000 (3.44% gain over the same period).

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