Higher energy prices stoked fears about inflation, deepening a decline in Treasuries, which also dropped amid a lackluster US sale of notes. Until Iran agrees to stop the conflict, the US will “keep blowing them away,” the American president said. Iran responded to a ceasefire proposal through intermediaries overnight, the semi-official Tasnim news agency reported, and is now awaiting a reply. “The war in Iran and the resulting surge in oil prices continue to dampen risk appetite,” said Adam Turnquist at LPL Financial. “Any sustainable market recovery will require meaningful progress toward a peace agreement and a reopening of the Strait of Hormuz.”

Source: The Edge Markets March 26, 2026 23:21 UTC