By Swann Collins, consultant in stock markets – Eurasia Business News, March 31, 2026. Article no 2075
As of March 31 morning 08:52 AM NY Time, the market read is that Trump’s comments reduced immediate fear of a worst-case escalation, so oil was wavering while U.S. stock futures moved higher. But the conflict is still unresolved, and traders are watching whether talks actually hold or whether Hormuz-related disruptions continue to threaten supply.
Dow Jones and S&P 500 futures were up more than 1% and the Nasdaq was set to open 0.9% higher. Markets are rebounding after a mixed previous session.
Gold price were at $ 4,577.8 at Mar 31, 2026 8:47 AM NY Time.
U.S. gas prices jumped past an average of $4 a gallon for the first time since 2022 on Tuesday as the Iran war pushed fuel prices to soar worldwide. According to motor club AAA, the national average for a gallon of regular gasoline is now $4.02 — over a dollar more than before the war began.
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At least 28 ships, including vessels carrying crude oil, liquefied petroleum gas (LPG), and LNG supplies to India, are currently stranded near the Strait of Hormuz, the Indian government has confirmed.
What changed
Trump signaled he may be willing to end the war even without fully restoring normal passage through the Strait of Hormuz, which traders took as a possible path toward de-escalation. That is why energy markets initially welcomed the news and equities got a lift.
Why it’s fragile
The Strait of Hormuz remains a critical chokepoint for global energy flows, so even partial disruption can keep crude prices elevated. Recent reporting also shows markets swinging sharply on each new headline, including threats, pauses, and peace-talk signals.
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In plain terms: this is a relief rally, not a resolution. If diplomacy advances, oil could soften further; if the war drags on or shipping is still constrained, volatility is likely to stay high.
Gold was trading around $4,505 per ounce, according to live spot pricing cited that day. June gold futures also opened at about $4,520 per troy ounce, slightly below Friday’s close of $4,524.
June gold was last up $53.70 at $4,610.50. May silver prices were up $2.791 at $73.37.
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© Copyright 2026 – Eurasia Business News. Article no. 2075
Eurasia Business News 