# Market Talk | Energy Markets Rebound Amid Lingering Uncertainty Over Iran Conflict

> Energy futures rebounded on March 24 after Monday's selloff, with ULSD up about 20 cents and gasoline up 12 cents. Some tankers began transiting the Strait of Hormuz, while ULSD spreads and Midwest cash basis showed tight physical supply.

- Date: 2026-03-24 · published 2026-03-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8543-market-talk-energy-markets-rebound-amid-lingering-uncertainty-over-iran-conflict
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Steep ULSD backwardation and deep Midwest cash discounts signal physical diesel tightness that can keep local fuel and freight costs high despite futures swings.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- tacenergy.com: https://www.tacenergy.com/news-and-views/market-talk/energy-markets-rebound-amid-lingering-uncertainty-over-iran-conflict

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.