US-Iran Relations Soften, Peace Dawns at Last, US Stocks See Retaliatory Rebound

BlockBeats News, April 1st, last night this morning, both the US and Iran simultaneously softened their stances, sending out peace signals. Iranian President Raisi stated readiness to end the war but hopes to receive assurances. Trump also mentioned that "the US will end the war with Iran in two to three weeks," suggesting that the US has essentially achieved its military objectives and will leave the resolution of the Strait of Hormuz issue to other countries.

As a result, US stocks saw a retaliatory rebound. According to Bitget data, the S&P 500 Index closed up 184.80 points, a 2.91% increase, at 6528.52 points, but with a 5.09% decline in March and a 4.63% decline for the first quarter. The Dow Jones Industrial Average rose 1125.37 points, a 2.49% increase. The Nasdaq Composite Index (Nasdaq) closed up 795.988 points, a 3.83% increase, with a 7.10% decline for the first quarter.

In addition, WTI crude oil briefly dropped below $100 before rebounding, now trading at $103.96, while gold continued its gains, now trading at $4690.65.

The crypto market quickly rebounded in the early hours today and is slowly moving higher. According to HTX data, Bitcoin is currently trading at $68,350.95, with a 2.42% increase in the last 24 hours, and Ethereum is trading at $2104.98, with a 2.45% increase in the last 24 hours.

It is worth noting that despite both sides indicating the war may be ending soon, the conflict continues. Iran stated yesterday that they targeted the residence of a US military pilot inside Saudi Arabia. The US and Israel also launched attacks yesterday on the Mubarak Steel Factory in Isfahan, Iran.