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Stock Market Soars as Trump Delays Military Action Against Iran's Energy Sector

KVIA•Monday, March 23, 2026 at 2:07 PM•CNN Newsource

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The stock market experienced a significant boost on Monday following President Trump's announcement to postpone military strikes against Iran's energy infrastructure while negotiations continue. The Dow Jones surged by 782 points, marking a 1.72% increase, while oil prices fell sharply, with Brent crude dropping 8.9% to $102 per barrel. The announcement comes amid ongoing tensions in the Strait of Hormuz, a vital shipping route for global oil supply. Despite the initial market optimism, analysts caution that tangible geopolitical actions are needed for sustained recovery. Gas prices in the U.S. have also risen for 23 consecutive days, reaching an average of $3.96 per gallon, which is the highest since August 2022.

Key Details: • Dow Jones increased by 782 points (1.72%) on Monday. • Brent crude oil prices fell to $102 per barrel, while U.S. crude dropped to $90.35. • Gas prices in the U.S. reached $3.96 per gallon, the highest since August 2022. • Ongoing tensions in the Strait of Hormuz could affect future oil supply and prices.

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