CNBC Business News Update Market Open: Stocks Higher, President Trump Posts "Serious Talks" Are Happening With Iran, US Crude Oil Tops $101 Per Barrel 3/30/26
Mar 30, 2026
Markets open higher with Wall Street bouncing back from a recent sell-off. Crude oil jumps past $101 a barrel on Iran-related tensions. Iran's parliament debates possible NPT exit while officials deny nuclear ambitions. Rising gas prices and potential consumer pain are discussed. Corporate moves and box office results round out the headlines.
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Markets Bounce Despite Recent Losing Streak
- Markets showed a snapback after Friday's sell-off with the Dow up about 418 points at the open.
- Jessica Ettinger noted the S&P was down five weeks, but historical snapbacks are mixed, per Mike Santoli's context on volatility.
Trump Posts Shift Markets React To Iran Developments
- Geopolitical headlines from President Trump about serious talks with Iran moved markets and lifted futures slightly.
- Trump threatened to reopen the Strait of Hormuz and target Iran's infrastructure, while Iran considered exiting the NPT.
Oil Spike Creates Major Energy Shock
- Oil surged past $101 a barrel amid the Iran conflict, creating a major energy shock and adding volatility.
- Ben Emmons warned markets should brace for continued volatility until a clear resolution emerges.