The ‘Fog of War’ Continues Into April

I want to assure investors that cooler heads may prevail, and the Strait of Hormuz will reopen, since the world needs the commodities that travel through it.

Smoke rises following an Iranian missile strike, as the U.S.-Israeli conflict with Iran continues, in Southern Israel, March 29, 2026. REUTERS/Amir Cohen

Commentary

As the market opened last Monday, President Trump ignited a big rally before the stock market opening when he said on Truth Social that there were “productive conversations regarding a complete and total resolution of hostilities in the Middle East.” He also said the talks with Tehran would continue “throughout” last week and were described as “in-depth, detailed and constructive.”