On March 10th, U.S. President Trump stated that the Iran war has essentially ended. The progress has been "much faster" than the initial 4 to 5 week timeframe he expected. Following this news, according to Bitget data, crude oil prices dropped sharply, falling more than 30% from their recent high. Currently, it is reported at $85.58 per barrel.

Concerns over the impact of Middle East conflicts have eased, with major U.S. stock indices rallying strongly in the last hour before the close: the Nasdaq led the gains, essentially recovering all losses since the Middle East conflict began. The U.S. stock market closed on Monday with the Dow initially up 0.5%, the S&P 500 up 0.8%, and the Nasdaq up 1.38%.

Additionally, Trump stated at a press conference that U.S. military actions against Iran will "end very soon." Trump also mentioned that he had anticipated oil and gas prices to rise, but the increase was lower than his expectations. The stock markets in Japan and South Korea opened higher today. The Nikkei 225 index surpassed 54,000 points, rising 2.65%; the KOSPI index in South Korea increased by 5.4%, closing at 5535.22 points. Cryptocurrencies broadly surged, with Bitcoin breaking through $69,000, up 4.27% in 24 hours. Ethereum surpassed $2,000, with a 3.44% increase over the past 24 hours.