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U.S. markets inch back, oil prices rise as Iran war continues despite Trump’s claims of progress

U.S. markets ticked slightly lower and oil prices rose early Tuesday as the war in the Middle East continued a day after U.S. President Donald Trump said the United States had made progress in talks with the Islamic Republic to end the conflict.

Mar 24, 2026 &03222424202631; 16:22 UTC www.bnnbloomberg.ca Trending 3/5

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Negative for markets

Sentiment score: -35/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Fresh report contradicts Trump's Iran peace claims; Middle East conflict continues despite diplomatic optimism. Oil prices rising on geopolitical uncertainty while U.S. equities show mixed signals (S&P up but VIX elevated), indicating market skepticism of resolution.

AI CONFIDENCE

62% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

⇅

S&P 500

^GSPCIndex

High volatility expected

S&P 500 up 1.15% but VIX spiked 3.37% — conflicting signals suggest market uncertainty; Trump's failed peace narrative creates volatility risk

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Oil (WTI Crude)

CL=FCommodity

Expected to rise

Oil prices rising on continued Middle East conflict; geopolitical premium intact despite Trump's optimistic rhetoric

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^VIX

^VIXIndex

Expected to rise

Fear index up 3.37% — market pricing in geopolitical tail risk and skepticism of peace progress

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Euro / US Dollar

EURUSDCurrency

Expected to rise

Safe-haven demand likely to support EUR as risk-off sentiment increases; geopolitical uncertainty favors defensive positioning

PRICE HISTORY

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⚡ SUGGESTED ACTION

Avoid chasing S&P 500 rally; elevated VIX suggests downside risk. Consider long oil (CL=F) or defensive sectors. Geopolitical uncertainty likely to persist — volatility plays more attractive than directional bets. [MOVE:1.2%]

KEY SIGNALS

VIX spike contradicts equity gains — market pricing tail riskOil strength on geopolitical premium despite Trump peace claimsFresh news (0 min old) — not yet fully priced inCredibility gap: Trump optimism vs. reality on ground

SECTORS INVOLVED

EnergyDefensive EquitiesUtilities

Analysis generated on Mar 24, 2026 at 13:13 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by BNN Bloomberg. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

U.S. markets inch back, oil prices rise as Iran war continues despite Trump’s claims of progress

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