Markets Recover as Trump Hints Iran War May End Soon

Global financial markets showed signs of recovery on March 10 after President Donald Trump suggested the war with Iran might be nearing its end, offering relief to investors after weeks of heightened geopolitical tensions and oil price fluctuations.

In comments to CBS News, Trump indicated that "the war is very complete, pretty much," signalling a possible conclusion to hostilities. The remarks helped soothe markets rattled by the conflict's effect on energy supplies through the Strait of Hormuz, a vital chokepoint through which about 20% of global oil passes.

US stock indices recovered from earlier declines, while Asian markets saw strong gains, with South Korea's Kospi surging over 5%. European markets opened higher as oil prices eased from recent peaks, although remaining elevated compared to pre-conflict levels.

Nonetheless, Trump's messaging appeared inconsistent. Earlier the same day, he told Republican lawmakers that "we haven't won enough" and warned of potential escalation, stating he was considering seizing control of the Strait of Hormuz and threatening to hit Iran "twenty times harder" if it blocked oil flows.

Iranian officials signalled readiness for a prolonged conflict. Foreign policy advisor Kamal Kharazi told CNN there is "no room for diplomacy anymore," while Iran's Revolutionary Guard advised tankers to be "very careful" in the strait.

The mixed signals left investors cautiously optimistic but wary. While markets welcomed hints of de-escalation, underlying supply risks remain, with Saudi Aramco warning of "catastrophic consequences" if disruptions continue. Oil prices have fallen from four-year highs above $100 per barrel but remain volatile as traders assess diplomatic developments against ongoing military actions.