The Iran war has fueled a surge in oil prices, with President Donald Trump stating he could live with not taking over the Strait of Hormuz. The Dow Jones Industrial Average saw a 1,125-point gain in the Dow and Nasdaq Composite Index, while futures markets for oil were bearish. Oil prices settled at $101.38 a barrel, down 1.5% on the day, but were later up to $102.34. Brent crude, the global benchmark, fell 27 cents to $103.97 at the close and was off another 22 cents later. Energy stocks mostly fell, but they recovered some of their early losses by the close. However, there is skepticism that the conflict will end soon, with the national average price of gasoline at $4.18 a gallon, up 41% for the year.