On Tuesday evening, the broad S&P 500 index closed up 2.9 percent. The Dow Jones Industrial Average and the tech-heavy Nasdaq Composite Index rose 2.5 and 3.8 percent, respectively.
Stock markets in the U.S. and across much of the world have plummeted since the U.S. and Israel began hostilities against Iran on February 28. Previous statements from President Trump and information about his plans had a major upward impact on the markets, which have since fallen back.
But on Tuesday, the stock market saw its biggest gain in nearly a year after Iran's president said the country has the will to end the war. While speaking about ending the war, he made clear the demands that must be met, placing particular emphasis on "guarantees that prevent the attacks from resuming."
During the day, U.S. media reported that Donald Trump is considering ending the war against Iran even though the Strait of Hormuz has not been reopened.
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