03:59 PM EDT, 03/31/2026 (MT Newswires) -- US equity indexes jumped ahead of Tuesday's close as Iran's Foreign Minister Abbas Araghchi reportedly opened the door to ending the war in the Middle East.

The Nasdaq Composite jumped 3.3% to 21,471.9, with the S&P 500 up 2.3% to 6,492.4 and the Dow Jones Industrial Average higher by 2% to 46,123.8.

Araghchi said Tuesday that Iran is not seeking a ceasefire but a complete end to the war across the region, stressing that any resolution must include guarantees against future attacks and compensation for damages, Turkey's Anadolu Agency reported.

West Texas Intermediate crude oil futures fell 0.8% to $102.07, and Brent crude futures slid 2.6% to $104.56.

US President Donald Trump signaled that the Iran conflict may end soon, with the Strait of Hormuz expected to reopen, according to multiple media reports on Tuesday.

Trump told the New York Post in a phone interview that countries relying on the route should step in, stating the waterway will "automatically open" once US forces exit. He added that US operations are ongoing but nearing completion, saying, "we're not going to be there too much longer."