07:39 AM EDT, 03/30/2026 (MT Newswires) -- The benchmark US stock measures were trending higher before the opening bell Monday while oil prices rose as traders parse President Donald Trump's latest comments on the Iran war and await fresh labor market data later in the holiday-shortened week.

The S&P 500 and the Dow Jones Industrial Average rose 0.4% each in premarket activity, while the Nasdaq increased 0.3%. The indexes finished Friday's trading session lower, with the Nasdaq recording its worst weekly performance in 12 months.

US markets will be closed on Friday for the Good Friday holiday.

Trump told the Financial Times in an interview on Sunday that he wants to "take the oil" in Iran and the US could potentially seize Tehran's main oil export terminal, Kharg Island. Trump compared the potential move to the US military action in Venezuela in January, when it effectively gained control over the country's oil sector after capturing its leader Nicolas Maduro.

"Maybe we take Kharg Island, maybe we don't," Trump told the FT. "It would also mean we had to be there [in Kharg Island] for a while."

West Texas Intermediate crude oil inclined 1.8% to $101.40 a barrel before the open, while Brent gained 2.2% to $115. The US-Israel war with Iran has entered its fifth week, disrupting global energy markets as Tehran has effectively blocked the crucial Strait of Hormuz, a key route for the world's oil supply.

Trump told reporters on Air Force One on Sunday that Iran "gave" the US most of what it demanded in its 15-point proposal to end the conflict, Bloomberg News reported. "They gave us most of the points," Trump reportedly said. "We're going to be asking for a couple of other things."

Publicly, Iran has rejected the proposed ceasefire terms through intermediaries in Pakistan, countering the Trump administration's offer with five conditions of its own, according to Bloomberg.

Investors are also preparing for fresh labor market data due this week, beginning with the Job Openings and Labor Turnover Survey for February on Tuesday, followed by the ADP Employment report for the current month on Wednesday. The Challenger Job-Cut report and the government's nonfarm payrolls data, both for March, are out on Thursday and Friday, respectively.

Treasury yields were down in premarket action, with the two-year rate retreating 2.1 basis points to 3.99% and the 10-year rate off 3.6 basis points to 4.4%.

Monday's thin economic calendar has the Federal Reserve Bank of Dallas manufacturing survey for March at 10:30 am ET. New York Fed President John Williams is scheduled to speak at 4 pm.

Sportswear giant Nike ( NKE ) is expected to release its latest financial results later this week, along with McCormick ( MKC ) and ConAgra Brands ( CAG ) .

Sysco (SYY) shares declined 2.2% pre-bell as the company agreed to acquire Jetro Restaurant Depot in a deal with a total enterprise value of about $29.1 billion.

Gold advanced 0.8% to $4,527 per troy ounce, while bitcoin rose 1.5% to $67,338.