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Oil prices climbed back above $100 a barrel Tuesday after fresh Israeli and Iranian strikes shattered optimism over potential peace talks. Brent crude rose 1.8% to $101.70, while WTI jumped 2.8% to $90.60, as overnight military actions offset diplomatic signals from Washington.
Oil prices surged on Tuesday after fresh strikes between Israel and Iran crushed optimism that the war might end soon.
Brent crude climbed nearly 1.8% to $101.7 a barrel, while US benchmark WTI jumped 2.8% to $90.6.
Just a day earlier, prices had plunged after former President Trump claimed “productive conversations” with Iran and paused military strikes. But Iran denied any dialogue, and overnight missile exchanges between Iran, Israel, and strikes on Lebanon confirmed the conflict is far from over.
Markets remain on edge as investors weigh the fragile hope of future talks against the reality of ongoing attacks.
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Gold Drops 1.8%, Nasdaq Futures Plunge 2% as Inflation, Tech Woes BiteMarkets tumbled Tuesday as inflation fears and growing doubts over the AI trade sent gold and stocks lower, despite early signs of progress in US-Iran peace negotiations. Gold fell 1.8% to near $4,115 as Fed officials signaled rates may stay higher, while Nasdaq futures plunged 2% on a Big Tech selloff led by SpaceX, Alphabet, and Amazon. Oil extended declines on a US waiver allowing Iranian crude sales, offering a rare bright spot.
Global Markets Slide as U.S. Strikes Iran, Oil Volatility Returns, and Bitcoin Stays Under PressureGlobal markets turned lower after the U.S. launched strikes against Iran. Dow, S&P 500 and Nasdaq futures fell, oil prices remained volatile, Japan’s inflation hit a three-year high, and Bitcoin stayed under pressure amid growing geopolitical uncertainty.Editorial Note
This article aggregates publicly available market and broker updates from the source CMS. Verify time-sensitive data directly with official sources before making decisions.
Last update: Mar 24, 2026
