NEW YORK: Wall Street stocks rocketed higher Tuesday (Mar 31) while oil prices retreated after Iran's president said his country had the "necessary will" to end the war with the United States and Israel, lifting hopes that a resolution was in site. Iranian President Masoud Pezeshkian, in a phone call with the president of the European Council, said Iran had "the necessary will to end this conflict, provided that essential conditions are met - especially the guarantees required to prevent repetition of the aggression." Even before Pezeshkian's remarks, US and European stocks had risen following reports that US President Donald Trump had said he was willing to end the war even if the Strait of Hormuz was not reopened.
Published at: 2026-03-31 21:51:00
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