Markets Whipsaw as Iran Headlines Trigger Massive Swing

The Financial Exchange Show · Mar 23, 2026 · 38m · transcript

Futures were down sharply overnight—until a single Truth Social post sent markets soaring. Chuck Zodda and Mike Armstrong break down the stunning swing for the S&P after President Trump announced a delay in potential U.S. strikes on Iranian energy infrastructure.

What do we actually know about negotiations with Iran? Is this real de-escalation—or just fog-of-war messaging? The guys dig into the only signal that truly matters for markets: whether ships start moving again through the Strait of Hormuz.

Plus:

• How long oil markets could take to normalize—even in a best-case scenario

• Why $60…