Trending Now - US Stocks Rise as Trump Delays Military Action Against Iran

WHO:

President Donald Trump

Israel Defense Forces

AAA (American Automobile Association)

WHAT:

President Trump postponed strikes on Iran’s energy infrastructure and power plants for five days.

Dow futures rose more than 600 points, or 1.4%.

S&P 500 futures rose 1.5%.

Nasdaq futures gained 1.5%.

Brent crude fell 6% to $105 a barrel.

US crude fell 6% to $92 a barrel.

US gas prices reached $3.96, the highest since August 2022.

Gas prices rose for the 23rd straight day.

Average gas price increased by $1.02, or 34%, in the last month.

WHERE:

Strait of Hormuz, a crucial waterway for oil supply.

WHEN:

President Trump made the announcement on March 23rd, 2026.

The gas price increase is noted as the highest since August 2022.

The spike in gas prices is compared to events in 2005 and 2022.

WHY:

The postponement of military action was due to ongoing peace talks with Iran.

Global oil prices have soared due to the war in Iran and the lack of oil tankers exiting the Strait of Hormuz.

HOW:

President Trump communicated the decision via a social media post.

Peace talks were described as "good and productive" by President Trump.

(UPDATED March 23, 2026 13:33 UTC)

Today, President Trump announced that he is postponing strikes on Iran’s energy infrastructure and power plants for five days, citing ongoing peace talks that he described as "good and productive." In response to this news, Dow futures surged more than 600 points, while S&P 500 and Nasdaq futures both gained 1.5%, but gas prices have continued to rise, reaching $3.96, the highest since August 2022, marking the 23rd consecutive day of increases. Meanwhile, global oil prices have been affected by the war in Iran and disruptions in the Strait of Hormuz, with Brent crude and US crude both falling by 6%.