Iran has rejected a proposal by the United States and regional mediators for a 45-day cessation of hostilities in exchange for the opening of the Strait of Hormuz and insists on a "complete end to the war," the Financial Times <a href="https://www.ft.com/content/43f8ea8a-d8a9-444c-82c5-8a0358c948ed">quoted the</a> Islamic republic's state news agency IRNA as saying. It was circulated a day before the deadline US President Donald Trump announced to Tehran, saying Iran would have "no power plants or bridges left" if no agreement was reached by Tuesday evening.

Iran rejected the ceasefire a day before the deadline. Brent back above $110 per barrel

Iraq has urged customers to load up on oil from the country, but buyers have so far been cautious, Bloomberg writes

Iran has lifted restrictions on Iraq in the Strait of Hormuz. Why are customers in no hurry?

Axios has learned of efforts to agree a 45-day truce in Iran. Oil slowed down the growth

Oil prices in the short term may rise to $120-130 per barrel, and if the disruption of supplies through the Strait of Hormuz until mid-Ma - to exceed $150, according to analysts at JPMorgan, their opinion <a href="https://www.reuters.com/business/energy/jp-morgan-warns-oil-could-top-150-if-disruptions-persist-into-midmay-2026-04-02/">quotes</a> Reuters.

JPMorgan allowed oil prices to rise above $150 per barrel

Chord Energy Corporation

Matador Resources Company

Kinetik Holdings Inc.

USA Compression Partners, LP

The Iran crisis has reminded investors just how unpredictable the oil market can be. After the Strait of Hormuz was closed in March, Brent crude <a href="https://www.thetimes.com/business/economics/article/strait-of-hormuz-closure-threatens-brent-crude-100-surge-w3sxph3pl#:~:text=The%20Middle%20East%20conflict%20pushed%20Brent%20crude%20to%20%24119.50%20a%20barrel%20for%20the%20first%20time%20since%202022%20but%20prices%20fell%20back%20on%20reports%20that%20the%20G7%20will%20intervene">surged</a>&nbsp;to $120 per barrel, while Dubai crude briefly <a href="https://www.cnbc.com/2026/03/19/166-a-barrel-middle-east-oil-gives-clue-to-where-all-prices-could-be-headed-if-iran-war-drags-on.html#:~:text=Dubai%2520crude%2520oil%2520prices%2520surpassed%2520%2524166%2520a%2520barrel%2520to%2520a%2520new%2520record%2520high%2520on%2520Thursday%252C%2520according%2520to%2520market%2520data%2520provider%2520Platts">hit</a>&nbsp;a record above $166 per barrel. The International Energy Agency <a href="https://www.iea.org/news/new-iea-report-highlights-options-to-ease-oil-price-pressures-on-consumers-in-response-to-middle-east-supply-disruptions#:~:text=The%2520war%2520in%2520the%2520Middle%2520East%2520is,said%2520IEA%2520Executive%2520Director%2520Fatih%2520Birol.">called</a>&nbsp;it the largest oil supply disruption in the history of the global oil market.

Two strategies, four stocks that can grow at any oil price

On Friday, April 3, stock exchanges in the U.S. will be closed

Dow down, S&amp;P 500 and Nasdaq up, Brent up 7% ahead of long weekend

Iran is developing a joint protocol with Oman to monitor shipping through the Strait of Hormuz, the country's state-run IRNA news agency reported, citing Deputy Foreign Minister Kazem Gharibabadi. A translation of the report is quoted by <a href="https://www.bloomberg.com/news/live-blog/2026-04-02/iran-latest?cursorId=69CE81AD49F4004C">Bloomberg</a> and <a href="https://www.cnbc.com/2026/04/02/iran-war-oman-hormuz-strait.html">CNBC</a>.

Iran and Oman are preparing rules to control the Strait of Hormuz. What about oil prices?

The U.S. leader has signaled that the war in Iran will drag on even longer

'Let's take them back to the stone age': stocks down, oil at $107 after Trump's statement on Iran

NIKE, Inc.

Newmont Corporation

AngloGold Ashanti plc

The major U.S. equity indices rose for the second day in a row on April 1, albeit at a slower pace than the day before. Oil prices declined by about 3%. Investors' hopes that the war in the Middle East is nearing an end have strengthened. US President Donald Trump said Iran has requested a ceasefire from the US. According to Politico, Trump is preparing to announce the winding down of the war in an address to the nation scheduled for 3:00 a.m. CET on April 2.

U.S. stocks rise for second straight day, 'fear index' below 25 for first time in a week

The global oil supply deficit, which caused a sharp rise in energy prices, will intensify in April, <a href="https://www.cnbc.com/2026/04/01/oil-price-iea-fatih-birol-brent-iran-strait-hormuz.html">said the</a> head of the International Energy Agency (IEA) Fatih Birol in an interview with CNBC. Against the background of this warning, he did not rule out the possibility of a new release of strategic reserves of raw materials.

'April will be much worse than March': IEA warns of worsening oil shortages

Taiwan Semiconductor Co., Ltd.

Taiwan Semiconductor Manufacturing Company Limited

Samsung Electronics Co., Ltd.

SK hynix Inc.

Despite the fact that an important artery for the oil and gas market - the Strait of Hormuz off the coast of Iran - is still effectively closed, Brent crude futures have fallen below $100 per barrel for the <a href="https://www.bloomberg.com/news/articles/2026-04-01/brent-oil-falls-below-100-on-optimism-iran-war-may-end">first time</a> in a week, Asian stock markets are showing the most significant growth in almost a year, European stocks are also growing.

Oil below $100, stocks rise: what's happening in the markets on the 33rd day of the war

InterGlobe Aviation Limited

US President Donald Trump has said he expects to end the war with Iran within two to three weeks. Shares of InterGlobe Aviation, the operator of India's largest airline IndiGo, jumped more than 9% after the change of CEO. These and other topics are covered in our review of key events by the morning of April 1.