U.S. stocks are poised to extend Monday's afternoon rally as oil prices retreat following President Trump's statement that the war in Iran would conclude "very soon." The market's relief is palpable, with investors breathing easier as crude prices pull back from recent highs. This shift marks a dramatic reversal from recent volatility that had gripped energy markets.

Trump's comments provided a catalyst for the sell-off in oil futures, which had been trading near multi-year peaks amid geopolitical tensions. The retreat in crude prices is helping to ease concerns about inflation and could provide some relief to consumers facing high gasoline prices. Energy stocks are likely to feel the impact of this price correction.

With oil market pressure easing, investors can now refocus on other pressing concerns, including jitters in the private credit market and the substantial capital expenditures required for artificial intelligence infrastructure development. The relief in oil markets may provide a brief respite before the next wave of economic challenges emerges.