Initially, Iran said it considered US proposals delivered by Pakistan as excessive and demanded sovereignty over the Strait of Hormuz. But until there is clarity on when the war might end, Goldman said he expects "volatility to remain elevated given the impact of higher oil prices on inflation." With oil prices settling down more than 2%, shares in companies that depend heavily on fuel were rallying. Nvidia shares added 2%. Other space companies rallied in response with Rocket Lab adding 10.3% while Intuitive Machines rose 14.7% and EchoStar added 7.4%.

Source: The Star March 26, 2026 00:00 UTC