The Iran-U.S. oil prices have negatively impacted global markets again, with the tech-heavy Nasdaq 100 index down over 6% on the month and crossing into correction territory from its January peak. The Federal Reserve is expected to raise its rates by December, a significant reversal from expectations of two cuts at the start of the year. Despite efforts by President Donald Trump and Iran to resolve the issue, there was no deal, no direct talks, and Iran responded with a five-point counterproposal demanding war reparations and Iranian sovereignty over the Strait of Hormuz. The Pentagon is reportedly considering deployment of up to 10,000 additional ground troops to the region. WTI crude crude oil prices rose to $98 per barrel by Friday, 40% above pre-war levels. The University of Michigan's final March Consumer Sentiment report indicated the impact of the war on American consumers.