UBS forecasts S&P 500 could reach 7,150 by year-end if U.S.-Iran conflict resolves quickly, but warns index could plunge to 5,350 if prolonged energy crisis emerges, as March volatility from Middle East tensions enters fourth week with oil price concerns mounting across broader economy.
President Trump extends Iran power plant strike deadline to April 6 amid market volatility, marking second delay after initial 48-hour ultimatum as negotiations continue despite strong warnings at cabinet meeting, while oil prices surge 4.6% and Treasury yields spike on renewed geopolitical tensions
Wall Street analysts warn that Trump's 'TACO' trading strategy may prove ineffective in the Iran conflict, as experts predict prolonged volatility and elevated oil prices even if negotiations succeed, with market normalization potentially taking months despite any diplomatic breakthrough.
Dollar-won exchange rate fluctuates around 1,500 won level as geopolitical tensions resurface and foreign investors continue fourth consecutive day of stock selling exceeding 1 trillion won, while oil prices surge past $92 per barrel amid heightened market volatility and uncertainty over U.S.-Iran negotiations
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