March 31, 2026

Wall Street rebounded in premarket trading Tuesday and oil prices held above $100 as the U.S. and Iran exchanged military strikes in the fifth week of the war.

Futures for the S&P 500 and Dow Jones Industrial Average each rose 0.9% before the opening bell, while Nasdaq futures climbed 0.8%.

U.S. strikes hit a city Tuesday that’s home to one of Iran’s main nuclear sites, sending a massive fireball into the sky, and Tehran attacked a fully loaded Kuwaiti oil tanker in the Persian Gulf.

 

WALL STREET RECOVERS AS U.S.-IRAN WAR ESCALATES—PREMIUM OIL SOARS PAST $100: In the fifth brutal week of conflict, U.S. airstrikes devastated an Iranian city housing a key nuclear site, sparking massive fireballs, while Iran retaliated by attacking a fully loaded Kuwaiti oil tanker in the strategic Persian Gulf. The deadly spiral has already claimed over 3,000 lives and sent global oil prices rocketing—Brent crude surging more than 40% this month—igniting fears of a prolonged energy crisis as Wall Street edges higher on shaky hopes.

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