- U.S. equity futures traded higher on Monday after President Donald Trump
offered investors hope that an end to the war against Iran is drawing near.
- “The United States of America is in serious discussions with A NEW, AND MORE
REASONABLE, REGIME to end our Military Operations in Iran,” Trump said in a post
on Truth Social
- Trump said on Sunday that Tehran had accepted most of the U.S.′ 15-point plan
to end the war and that Iran has agreed to allow an additional 20 oil ships
cross the Strait.
- The market will be closed on Friday in observance of Good Friday, although the
March jobs report is still scheduled for release that morning.
- Aluminum spiked on Monday after Iranian strikes disrupted key Middle East
production facilities over the weekend, with investors bracing for further
supply and logistics constraints.
- Brent crude has soared more than 55% in March, putting the benchmark on track
for its steepest monthly rise on record.
- Trump said he could “take the oil in Iran” and seize Iran’s export hub of
Kharg Island, as hostilities in the Middle East continue for a fifth week.
- Asia-Pacific markets fell sharply on Monday as the Middle East war entered its
fifth week, with the conflict escalating despite efforts aimed at finding a
diplomatic solution.
