SPX7,580.06+0.22%DJIA51,032+0.72%COMP26,973+0.20%RUT2,919.34-0.59%CL$87.76-1.28%GC$4,569.90+1.57%DX98.94-0.08%VIX15.32-2.67%Fed Funds4.50%HOLD10Y4.287%-0.031CPI Y/Y2.8%-0.1%Core PCE2.7%-0.1%Unemp4.2%0.0NFP+150kMayGDP Q/Q+2.6%Q1Retail+0.4%M/MSPX7,580.06+0.22%DJIA51,032+0.72%COMP26,973+0.20%RUT2,919.34-0.59%CL$87.76-1.28%GC$4,569.90+1.57%DX98.94-0.08%VIX15.32-2.67%Fed Funds4.50%HOLD10Y4.287%-0.031CPI Y/Y2.8%-0.1%Core PCE2.7%-0.1%Unemp4.2%0.0NFP+150kMayGDP Q/Q+2.6%Q1Retail+0.4%M/M

Energy Shock Reality Check: Markets Test Trump’s Iran Gambit

ByON1010 Research Posted onApril 2, 2026 at 6:00 AM EDT Reading Time: 3 minutes

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The Opening Bell

Markets are waking up to a harsh reality: geopolitical relief rallies don’t last when oil is still trading at $107. Trump’s ceasefire claims sent bonds higher and volatility lower yesterday, but with the Strait of Hormuz still closed and crude inventories at crisis levels, investors are learning to separate diplomatic theater from energy fundamentals.

Market Snapshot

Fed Funds Target Range: 3.5%-3.75%

10-Year Treasury: 4.3%

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