Brent crude oil closed at $109 per barrel, up over 50% since the war began, despite President Trump's repeated peace signals. Traders now seem skeptical when the president suggests the conflict with Iran may end soon, making it harder for him to lower prices through announcements alone. This shift in market sentiment followed muted reactions to Trump's latest declarations, including a televised address where he vowed continued bombing while offering no timeline for the war's end. Oil futures briefly dipped after a March 26 strike pause announcement but quickly rebounded, returning to pre-announcement levels by March 30.

The market largely ignored Trump's March 30 claim of "serious discussions" with Iran, and prices remained flat even after his April 1 post about a cease-fire request and threats of destruction. Gas prices have surged to $4.10 per gallon nationally, reflecting the sustained high oil prices despite the president's fluctuating rhetoric.