Trump Calls War "Ending Very Soon," Oil Plunges Over 30% from High, US Stocks Close Higher, Asian Stocks Rebound at Open

BlockBeats News, March 10th, President Trump of the United States stated that the Iran war is basically over. The progress is "much faster" than the 4 to 5 weeks timeframe he initially expected. Influenced by this news, according to Bitget data, the price of crude oil fell rapidly, dropping more than 30% from its recent high point, temporarily trading at $85.58 per barrel.

The concerns about the impact of the Middle East conflict have eased, and major U.S. stock indexes surged in the last hour of trading before the close: the Nasdaq led the gains, essentially recovering all losses since the Middle East conflict. At the close of Monday, the Dow rose by 0.5%, the S&P 500 rose by 0.8%, and the Nasdaq rose by 1.38%.

Furthermore, Trump stated in a press conference that the U.S. military action against Iran would end "very soon." Trump also mentioned that he knew early on that oil and gas prices would rise, and the increase in oil prices was lower than his expectations. The stock markets in Japan and South Korea rebounded at the opening today. The Nikkei 225 index surpassed 54,000 points, rising by 2.65%; the South Korean KOSPI index surged by 5.4%, reaching 5535.22 points. Cryptocurrencies rose across the board, with Bitcoin breaking through $69,000, up by 4.27% in the past 24 hours. Ethereum exceeded $2,000, with a 24-hour increase of 3.44%.