04:21 PM EDT, 03/25/2026 (MT Newswires) -- US equity indexes ended higher on Wednesday after Iran made a counteroffer to the Trump administration's plan to end the Iran war.

* Iran will not accept a ceasefire offer from the US, CNBC reported, citing Iranian state media on Wednesday. The country issued its own list of conditions for ending the war, the news outlet added.

* May West Texas Intermediate crude oil fell $1.38 to settle at $90.97 per barrel, while May Brent crude, the global benchmark, was last seen down $1.74 at $102.74.

* Arm (ARM) expects "material revenue" from its in-house chip starting in 2028, with "an exponential ramp" to roughly $15 billion in 2031, Chief Financial Officer Jason Child said, according to a FactSet transcript. Shares of the company rose roughly 16%, the biggest gainer on the Nasdaq.

* Micron Technology ( MU ) shares were down about 3.4%, among the worst performers on the S&P 500 and the Nasdaq, after the company said it has commenced offers to purchase six series of outstanding senior notes, with maturities ranging from 2031 to 2035. Principal amount outstanding under the notes is $5.4 billion.