{"id":2417,"date":"2026-04-02T14:58:07","date_gmt":"2026-04-02T14:58:07","guid":{"rendered":"https:\/\/owspakistan.com\/?p=2417"},"modified":"2026-04-02T14:58:07","modified_gmt":"2026-04-02T14:58:07","slug":"oil-prices-stock-market-today-trump-iran-war-speech-investing-2026-4","status":"publish","type":"post","link":"https:\/\/owspakistan.com\/?p=2417","title":{"rendered":"What Smart People Are Saying About Latest Iran-War Oil Spike, Stock Drop"},"content":{"rendered":"<div id=\"\">\n<p>Oil prices surged after President Trump spoke about the war in Iran on Wednesday night, fueling a sharp reversal in the relief rally seen earlier in the week.<\/p>\n<div class=\"audio-player-container\">\n<div class=\"audio-player is-loading\" data-component-type=\"audio-player\" data-load-strategy=\"lazy\" data-audio-url=\"https:\/\/ai-audio.insider-prd.engineering\/post\/oil-prices-stock-market-today-trump-iran-war-speech-investing-2026-4\/narration.mp3\" data-track-view=\"{&quot;element_name&quot;:&quot;ai_audio_narrator&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;,&quot;subscription_experience&quot;:&quot;bi_value_unassigned&quot;}\">\n                      <button class=\"audio-player-toggle-button\" aria-label=\"Play audio\"><\/p>\n<p>\n                          <span class=\"audio-player-label label-md-strong\">Loading audio narration&#8230;<\/span>\n                        <\/p>\n<p>                      <\/button>\n                    <\/div><\/div>\n<p><a target=\"_self\" class=\"\" href=\"https:\/\/markets.businessinsider.com\/commodities\/oil-price?type=wti\" data-track-click=\"{&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;tout_click&quot;,&quot;index&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;}\" rel=\"noopener\">WTI crude<\/a> gained as much as 14%, while <a target=\"_self\" class=\"\" href=\"https:\/\/markets.businessinsider.com\/commodities\/oil-price\" data-track-click=\"{&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;tout_click&quot;,&quot;index&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;}\" rel=\"noopener\">Brent<\/a> climbed 8% at intraday highs. Both are trading around $110 per barrel. In stocks, all three major US indexes traded in the red on Thursday morning.<\/p>\n<p>Investors were expecting Trump to either emphasize deescalation in Iran, or go in the other direction and announce a ground invasion. The president&#8217;s remarks ended up being somewhere in the middle, extending the timeline for US withdrawal.<\/p>\n<p>Here are what some of the top voices in investing are saying about the market moves following Trump&#8217;s remarks.<\/p>\n<h2 id=\"153c88b7-230e-4c07-af1c-edd555d658db\" data-toc-id=\"153c88b7-230e-4c07-af1c-edd555d658db\"><strong>Marko Kolanovic, ex JPMorgan quant<\/strong><\/h2>\n<p>Marko Kolanovic, JPMorgan&#8217;s former quant chief, <a target=\"_blank\" class=\"\" href=\"https:\/\/x.com\/markoinny\/status\/2039514431881642063\" data-track-click=\"{&quot;click_type&quot;:&quot;other&quot;,&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;outbound_click&quot;}\" rel=\" nofollow\">raised concerns<\/a> about the market set-up as oil falls after Trump&#8217;s speech.<\/p>\n<div id=\"1775131207562\" data-styles=\"default-width\" data-embed-type=\"twitter\" data-script=\"https:\/\/platform.twitter.com\/widgets.js\" class=\"\" data-type=\"embed\">\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">So now that Oil is up at level prior to this rally started yesterday &#8211; there is a ~5% airpocket under stock market (and ~25% under AI momentum and memory stocks)<\/p>\n<p>\u2014 Marko Kolanovic (@markoinny) <a href=\"https:\/\/twitter.com\/markoinny\/status\/2039514431881642063?ref_src=twsrc%5Etfw\" rel=\" nofollow noopener\" target=\"_blank\">April 2, 2026<\/a><\/p><\/blockquote><\/div>\n<p>The short-lived relief rally in equities created an air pocket in in the market, with AI names and memory plays especially at risk, he warned.<\/p>\n<div id=\"1775136852613\" data-styles=\"default-width\" data-embed-type=\"twitter\" data-script=\"https:\/\/platform.twitter.com\/widgets.js\" class=\"\" data-type=\"embed\">\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">15% jump in Oil since last night could destabilize stocks, going into a long and uncertain weekend.<\/p>\n<p>\u2014 Marko Kolanovic (@markoinny) <a href=\"https:\/\/twitter.com\/markoinny\/status\/2039693488770420933?ref_src=twsrc%5Etfw\" rel=\" nofollow noopener\" target=\"_blank\">April 2, 2026<\/a><\/p><\/blockquote><\/div>\n<p>Kolanovic <a target=\"_blank\" class=\"\" href=\"https:\/\/x.com\/markoinny\/status\/2039693488770420933\" data-track-click=\"{&quot;click_type&quot;:&quot;other&quot;,&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;outbound_click&quot;}\" rel=\" nofollow\">noted<\/a> that the oil price spike could destabilize the stock market ahead of the long weekend since markets are closed on Friday.<\/p>\n<h2 id=\"0ba4d606-1024-418b-91e4-0a28dd8c5e88\" data-toc-id=\"0ba4d606-1024-418b-91e4-0a28dd8c5e88\"><strong>Mohamed El-Erian, former PIMCO co-CIO<\/strong><\/h2>\n<p id=\"0ba4d606-1024-418b-91e4-0a28dd8c5e88\">Famed investor and economist Mohamed El-Erian <a target=\"_blank\" class=\"\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7445418803527598080\/?originTrackingId=8d%2BrpWwDACIhTTEQEdQlQA%3D%3D\" data-track-click=\"{&quot;click_type&quot;:&quot;other&quot;,&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;outbound_click&quot;}\" rel=\" nofollow noopener\">highlighted<\/a> the V-shaped price action in oil with a 5-day chart of WTI oil prices.<\/p>\n<figure class=\"figure image-figure-image   \" data-type=\"img\" data-e2e-name=\"image-figure-image\" data-media-container=\"image\" role=\"button\" tabindex=\"0\" aria-label=\"Click to open image in gallery view\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/ImageObject\">\n<div class=\"lazy-holder \" style=\"padding-top: calc(100% * 645 \/ 784)\">\n<p>                    <meta itemprop=\"contentUrl\" content=\"https:\/\/i.insider.com\/69ce6cc36a864f6fcd7bcad3\"\/><br \/>\n                    <img xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"lazy-image \" encoding=\"UTF-8\" width=\"1\" height=\"1\" data-content-type=\"image\/png\" srcs=\"{&quot;https:\/\/i.insider.com\/69ce6cc36a864f6fcd7bcad3&quot;:{&quot;contentType&quot;:&quot;image\/png&quot;,&quot;aspectRatioW&quot;:784,&quot;aspectRatioH&quot;:645}}\" alt=\"WTI oil price today\"\/>\n                  <\/div>\n<p>                    <span class=\"image-source-only \"><\/p>\n<p>                    <span class=\"image-source headline-regular\" data-e2e-name=\"image-source\" itemprop=\"creditText\"><br \/>\n                    <a href=\"https:\/\/markets.businessinsider.com\/commodities\/oil-price?type=wti\" class=\"image-source-link not-content-link\" rel=\"noopener\" target=\"_self\"><br \/>\n                    Business Insider<br \/>\n                    <\/a><br \/>\n                    <\/span><br \/>\n                        <\/span><br \/>\n                    <\/figure>\n<p id=\"0ba4d606-1024-418b-91e4-0a28dd8c5e88\">&#8220;Whipsawed once again: That is the state of the oil market and beyond as investors react to President Trump&#8217;s address to the nation regarding the Middle East War.&#8221;<\/p>\n<h2 id=\"b33be0fa-600f-45a7-a3b3-125c5f668f61\" data-toc-id=\"b33be0fa-600f-45a7-a3b3-125c5f668f61\">Gregory Brew, Eurasia Group oil analyst<\/h2>\n<p>Eurasia Group energy analyst Gregory Brew <a target=\"_blank\" class=\"\" href=\"https:\/\/x.com\/gbrew24\/status\/2039538845956419869\" data-track-click=\"{&quot;click_type&quot;:&quot;other&quot;,&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;outbound_click&quot;}\" rel=\" nofollow\">warned<\/a> that the Strait of Hormuz closure will persist beyond Trump&#8217;s latest two to three week timeline.<\/p>\n<div id=\"1775131207562\" data-styles=\"default-width\" data-embed-type=\"twitter\" data-script=\"https:\/\/platform.twitter.com\/widgets.js\" class=\"\" data-type=\"embed\">\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Hormuz closed until May, folks.<\/p>\n<p>\u2014 Gregory Brew (@gbrew24) <a href=\"https:\/\/twitter.com\/gbrew24\/status\/2039538845956419869?ref_src=twsrc%5Etfw\" rel=\" nofollow noopener\" target=\"_blank\">April 2, 2026<\/a><\/p><\/blockquote><\/div>\n<p>Ex JPMorgan veteran Kolanovic also <a target=\"_blank\" class=\"\" href=\"https:\/\/x.com\/markoinny\/status\/2039501873133019460\" data-track-click=\"{&quot;click_type&quot;:&quot;other&quot;,&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;outbound_click&quot;}\" rel=\" nofollow\">highlighted<\/a> the Strait of Hormuz, saying, &#8220;There is only one simple (yes\/no) variable that should matter for markets and global economy now: Is oil freely flowing through Hormuz. Everything else is noise.&#8221;<\/p>\n<h2 id=\"6d0cff59-df14-46fe-966e-65dbb761126d\" data-toc-id=\"6d0cff59-df14-46fe-966e-65dbb761126d\">Adam Kobeissi from the Kobeissi Letter<\/h2>\n<p id=\"6d0cff59-df14-46fe-966e-65dbb761126d\">&#8220;Last night was the most puzzling part of the Iran War yet,&#8221; Adam Kobeissi, known for the Kobeissi Letter, <a target=\"_blank\" class=\"\" href=\"https:\/\/x.com\/TKL_Adam\/status\/2039687466194493467\" data-track-click=\"{&quot;click_type&quot;:&quot;other&quot;,&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;outbound_click&quot;}\" rel=\" nofollow\">said<\/a> on the morning after Trump&#8217;s speech.<\/p>\n<p id=\"6d0cff59-df14-46fe-966e-65dbb761126d\">&#8220;Just as oil and bond markets had calmed down, President Trump has sent oil prices soaring again. US oil prices have now risen over +$1\/hour since President Trump&#8217;s speech at 9 PM ET.&#8221;<\/p>\n<h2 id=\"76ed4936-472d-4857-abbc-2d267aa8ebb8\" data-toc-id=\"76ed4936-472d-4857-abbc-2d267aa8ebb8\">Diane Swonk, KPMG chief economist<\/h2>\n<p>KPMG&#8217;s chief economist Diane Swonk <a target=\"_blank\" class=\"\" href=\"https:\/\/x.com\/DianeSwonk\/status\/2039686535709102557\" data-track-click=\"{&quot;click_type&quot;:&quot;other&quot;,&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;outbound_click&quot;}\" rel=\" nofollow\">said<\/a> that the US economy could see &#8220;a mild bout of stagflation or slowflation &#8211; weak growth, rising inflation &amp; rising unemployment.&#8221;<\/p>\n<p>&#8220;The closing of the Strait of Hormuz &amp; resulting surge in oil prices is more than an oil shock,&#8221; she wrote, highlighting the goods critical to the global economy that flow through the strait other than oil, like <a target=\"_self\" class=\"\" href=\"https:\/\/www.businessinsider.com\/oil-prices-supply-chains-iran-war-ai-helium-food-inflation-2026-3\" data-track-click=\"{&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;tout_click&quot;,&quot;index&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;}\" rel=\"noopener\">helium<\/a> and <a target=\"_self\" class=\"\" href=\"https:\/\/www.businessinsider.com\/food-inflation-oil-prices-fertilizer-farmers-iran-war-shipping-hormuz-2026-3\" data-track-click=\"{&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;tout_click&quot;,&quot;index&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;}\" rel=\"noopener\">fertilizer<\/a>.<\/p>\n<p>The economist warned that the economic impact of the war in Iran risks a &#8220;deep recession&#8221; and increased the odds of a <a target=\"_self\" class=\"\" href=\"https:\/\/www.businessinsider.com\/fed-rate-hike-cut-outlook-stock-market-investing-federal-reserve-2026-4\" data-track-click=\"{&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;tout_click&quot;,&quot;index&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;}\" rel=\"noopener\">Federal Reserve rate hike<\/a> as inflationary pressures build.<\/p>\n<\/p><\/div>\n<p><script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: \"load\", script: \"%3Cscript%20id%3D%22meta-pixel-script%22%20%3E(()%3D%3E%7Bvar%20e%3D%7B69531()%7B!function()%7Bvar%20e%2Cr%2Ct%2Cn%2Co%2Ci%3Bfunction%20a()%7Bwindow.Fenrir%3F.cm%3F.usPrivacyApplies%26%26window.Fenrir%3F.cm%3F.isOptedOutOfAds%3Ffbq(%22dataProcessingOptions%22%2C%5B%22LDU%22%5D%2C0%2C0)%3Afbq(%22dataProcessingOptions%22%2C%5B%5D)%2Cfbq(%22init%22%2C%221988166924554892%22)%2Cfbq(%22track%22%2C%22PageView%22)%7Dwindow.Fenrir%3F.cm%3F.vppaApplies%7C%7Cdocument.querySelectorAll('iframe%5Bsrc*%3D%22jwplayer%22%5D').length%7C%7C(e%3Dwindow%2Cr%3Ddocument%2Ct%3D%22script%22%2Ce.fbq%7C%7C(n%3De.fbq%3Dfunction()%7Bn.callMethod%3Fn.callMethod.apply(n%2Carguments)%3An.queue.push(arguments)%7D%2Ce._fbq%7C%7C(e._fbq%3Dn)%2Cn.push%3Dn%2Cn.loaded%3D!0%2Cn.version%3D%222.0%22%2Cn.queue%3D%5B%5D%2C(o%3Dr.createElement(t)).async%3D!0%2Co.src%3D%22https%3A%2F%2Fconnect.facebook.net%2Fen_US%2Ffbevents.js%22%2C(i%3Dr.getElementsByTagName(t)%5B0%5D).parentNode.insertBefore(o%2Ci))%2Cwindow.Fenrir%3F.cm%3F.cmStarted%3Fa()%3AsetTimeout(a%2C1e3))%7D()%7D%7D%2Cr%3D%7B%7D%3Bfunction%20t(n)%7Bvar%20o%3Dr%5Bn%5D%3Bif(void%200!%3D%3Do)return%20o.exports%3Bvar%20i%3Dr%5Bn%5D%3D%7Bexports%3A%7B%7D%7D%3Breturn%20e%5Bn%5D(i%2Ci.exports%2Ct)%2Ci.exports%7Dt.m%3De%2Ct.c%3Dr%2Ct.o%3D(e%2Cr)%3D%3EObject.prototype.hasOwnProperty.call(e%2Cr)%2C(()%3D%3E%7Bt.S%3D%7B%7D%3Bvar%20e%3D%7B%7D%2Cr%3D%7B%7D%3Bt.I%3D(n%2Co)%3D%3E%7Bo%7C%7C(o%3D%5B%5D)%3Bvar%20i%3Dr%5Bn%5D%3Bif(i%7C%7C(i%3Dr%5Bn%5D%3D%7B%7D)%2C!(o.indexOf(i)%3E%3D0))%7Bif(o.push(i)%2Ce%5Bn%5D)return%20e%5Bn%5D%3Bt.o(t.S%2Cn)%7C%7C(t.S%5Bn%5D%3D%7B%7D)%3Bt.S%5Bn%5D%3Bvar%20a%3D%5B%5D%3Breturn%20a.length%3Fe%5Bn%5D%3DPromise.all(a).then(()%3D%3Ee%5Bn%5D%3D1)%3Ae%5Bn%5D%3D1%7D%7D%7D)()%3Bt(69531)%7D)()%3B%3C%2Fscript%3E\" });<\/script><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices surged after President Trump spoke about the war in Iran on Wednesday night, fueling a sharp reversal in the relief rally seen earlier in the week. Loading audio narration&#8230; WTI crude gained as much as 14%, while Brent climbed 8% at intraday highs. Both are trading around $110 per barrel. In stocks, all<\/p>\n","protected":false},"author":1,"featured_media":2418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[56,971,203,204,972,265,263,266,970,973,974,128],"tags":[],"class_list":["post-2417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-donald-trump-2","category-energy","category-finance","category-geopolitical-risk","category-iran","category-markets","category-mi-exclusive","category-oil-price","category-oil-prices","category-stock-market","category-us-iran-conflict"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/owspakistan.com\/index.php?rest_route=\/wp\/v2\/posts\/2417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/owspakistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/owspakistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/owspakistan.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/owspakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2417"}],"version-history":[{"count":0,"href":"https:\/\/owspakistan.com\/index.php?rest_route=\/wp\/v2\/posts\/2417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/owspakistan.com\/index.php?rest_route=\/wp\/v2\/media\/2418"}],"wp:attachment":[{"href":"https:\/\/owspakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/owspakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/owspakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}