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Oil jumps above $100 as Trump says US close to ending war in Iran, Bitcoin dips 2%.

Market News
01 Apr 2026
Cointelegraph
View Source
Bearish
pluang ai news

Following a national address by US President Donald Trump, crude oil prices surged above $100 per barrel while Bitcoin fell about 2%. Trump announced that the US military is "very close" to completing its objectives in the conflict with Iran, claiming significant damage to Iran's military capabilities. He warned of further strikes in the coming weeks but also noted ongoing negotiations with Iran, which has demands including an end to US military presence. The conflict has affected global markets, with oil prices rising due to the Strait of Hormuz blockade and geopolitical tensions. Trump expects the blockade to end soon, leading to lower gas prices and a rebound in stock markets once the conflict winds down.

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