In the time it takes to walk from your car to your desk, President Donald Trump added $1.7 trillion to stocks and pushed the price of oil down by $17, or approximately 15%. By the time you got your coffee, Iran had reportedly called him a liar, and half those gains vanished.
This is the average Monday morning for a very market-oriented executive in the fourth week of war.
At approximately 7 a.m. ET, Trump posted in all-caps on Truth Social that the U.S. and Iran held “very good and productive conversations” over the weekend toward “a complete and total resolution” of hostilities in the Middle East. He ordered the Pentagon to pause all strikes on Iranian power plants and energy infrastructure for five days.
Washington had kept Israel informed of the talks, Reuters reported, and Israel is expected to follow the U.S. in suspending strikes on Iranian power plants.
That came after Trump issued an ultimatum to Iran Saturday night, calling on the regime to reopen the Strait of Hormuz or face bombardment of its power grid. Now, it appears he’s buying time for the workweek, and leaving the weekend as a buffer before any next move.
Read more: https://fortune.com/2026/03/23/trump-taco-iran-markets-rally-sp-500-crude-oil-peace-talks/
https://fortune.com/2026/03/23/trump-taco-iran-markets-rally-sp-500-crude-oil-peace-talks/
Posted by fortune
3 Comments
It is losing its luster, did not even last 24 hours. The Asian markets relaxed only for hours and now stocks are slipping here as on most other countries. This is not a war that can just be turned off unilaterally anymore. Real negotiations are required.
Trump: “We are holding talks.”
Iran: “Uh, no we aren’t.”
Hes a sped like the rest of his incest family