# Oil prices fall and stock markets rebound on hopes of end to Iran war

By Matt Britzman — 2026-03-10

Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: “Global equity markets are still taking their cues from oil this morning – but the tone has notably improved after yesterday’s wild swings.

“What initially looked like a one-way surge in energy costs and the inflation headaches that come with it has started to stabilise, offering some much-needed breathing room.

“UK futures suggest the FTSE 100 is set to reflect that steadier backdrop with a positive open this morning.

“Investors are still grappling with an uncertain timeline, with oil prices serving as something of a live progress bar for how long this conflict will persist.

“But the dilemma between the drag of elevated energy costs and the fear of missing a relief rally tipped toward the latter into the US close.

“A message from President Trump suggesting the conflict could end soon sparked a sharp late-session rebound, flipping what had been a broadly negative landscape on its head.

“Oil prices in the 80s/90s are still a tricky backdrop, but it’s significantly better than pushing toward 150, which had been a fear at points yesterday.

“Investors should also take some comfort from the growing list of potential measures at the White House’s disposal.

“President Trump has options, like waiving oil-related sanctions and having the US Navy escort tankers through the Strait of Hormuz to keep supply flowing and prices in check.

“G7 finance ministers have also said the group stands ready to release oil from strategic reserves if necessary.

“It’s too early to call an end to the volatility, but having levers to pull should help calm some nerves.”

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