Hope for easing of US-Iran conflict, Dow Jones once surged 450 points

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March 31, 2026

Hopes for easing between the U.S. and Iran drive the Dow to surge 450 points at one point

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U.S. President Trump said negotiations with Iran have made major progress, but he also warned that the U.S. may attack Iran’s energy infrastructure if the Strait of Hormuz does not restore freedom of navigation. The remarks temporarily eased market anxiety. U.S. stocks steadied on Monday. After the Dow opened up 116 points, its gain expanded to as much as 459 points, reaching a high of 45,625 points. The S&P 500 rose 0.92%, but after the Nasdaq rose 0.91%, it briefly fell into the red. The oil market is more pessimistic; front-month oil futures jump 4% However, the oil market …

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