Trump's Mention of Early End to Iran War Sparks Broad Rally in European Markets

Trump: "We Are Winning Ahead of Schedule"

Signs of Eased Geopolitical Risks Spark Stock Market Rally

As President Donald Trump mentioned the possibility of an early end to the Iran war, international oil prices plummeted and European stock markets rebounded across the board. Oil prices, which had threatened the global economy by approaching 120 dollars per barrel the previous day, rapidly stabilized due to President Trump’s remarks and the effect of the Group of Seven (G7) hinting at a release of strategic oil reserves.

Donald Trump, President of the United States. Photo by AFP Yonhap News.

On March 10, 2026 (local time), European stock markets showed strong gains from the opening. As of 9:20 a.m., the Euro Stoxx 50, a major European blue-chip index, surged 2.37% to 5,819.86 points compared to the previous session. Major indexes in Germany (DAX up 2.14%), Italy (Italy 40 up 2.23%), and Spain (IBEX 35 up 2.28%) all rose by more than 2%, while stock markets in France, the United Kingdom, and Switzerland also recorded gains exceeding 1%.

The market rebound was underscored by President Trump’s press conference. President Trump declared at the Doral Resort in Florida the previous day, "We are winning very decisively and are far ahead of schedule," adding that the Iran war "will end soon." This statement is interpreted as having sharply restored investor sentiment by dispelling concerns over a prolonged war and potential disruptions to the energy supply chain.

Prior to Trump's remarks, the G7’s announcement that it could release strategic oil reserves to stabilize oil prices served as a catalyst for the price drop. International oil prices, which had approached the 120-dollar mark the previous day, traded around 90 dollars on this day, stabilizing downward.

The European gas market, which had been suffering from soaring energy prices, also entered a stabilization phase. The previous day, the benchmark European gas price (Dutch TTF futures) had surged by about 30% due to the spike in oil prices. On this day, it fell by 15% to 47.99 euros per megawatt-hour (MWh) in the morning, giving up much of the previous day’s gains.

This content was produced with the assistance of AI translation services.