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Iran war headlines drive market risk and oil shock fears

March 30, 2026The Kobeissi Letter, Eric Balchunas, JustDario

The Kobeissi Letter, Kalshi, Walter Bloomberg, Jim Cramer, and others frame markets as hostage to Trump’s Iran deadlines and escalation talk, with oil and futures reacting to weekend developments and threats on infrastructure and Hormuz.

US stocks are surging on the news.
Oil prices just fell -5% in 3 minutes
Over $1 trillion in market cap was driven by this headline
The S&P 500 surges +2.5% on the day
The S&P 500 officially closes the day up +2.9%, adding +$1.7 TRILLION of market cap today.
US stock market futures open in 9 hours.
BREAKING: Trump says he can "get a deal" with Iran by Monday and that Iran is "negotiating now"
BREAKING: President Trump says he will strike "every power plant and every bridge" in Iran if they do not make a deal by "Tuesday evening," per WSJ.
*BAHRAIN CALLS ON U.N. TO PASS RESOLUTION TO REOPEN STRAIT: WSJ
At 8:15 p.m. the oil market takes the president seriously, the stock market doesn't
The Kobeissi Letter
Eric Balchunas
JustDario
Mohamed A. El-Erian
zerohedge
Kalshi
*Walter Bloomberg
Jim Cramer
amit
Dave Portnoy
Don Johnson
geopoliticsoilfuturesrisk

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