US stock futures edged higher on Tuesday as President Trump’s hint at a fast end to the Iran war sent oil prices sliding, soothing market fears over damage to the economy.

Dow Jones Industrial Average futures (YM=F) put on 0.2% on the heels of a turbulent session that saw stocks stage a sharp rebound to close with gains. Contracts on the S&P 500 (ES=F) also moved up roughly 0.2%, while those on the tech-heavy Nasdaq 100 (NQ=F) rose 0.3%.

Oil prices fell swiftly after Trump said the Iran conflict could end “very soon” as the US-Israel offensive has effectively cut off the country’s naval and air capabilities. Trump also said the military operation is “very far” ahead of the four-to-five week timeline initially suggested for achieving its goals.

At the same time, though, hardliners in Iran have rallied behind new leader Mojtaba Khamenei. It’s a sign of defiance that bodes ill for an end to Tehran’s effective blockade on tanker traffic through the crucial Strait of Hormuz — a disruption that threatens “catastrophic consequences” for oil and the global economy, per top oil exporter Aramaco’s CEO.

Amid the conflicting signals, oil prices fell about 7%. West Texas Intermediate (CL=F) crude retreated to about $88 a barrel, while Brent (BZ=F) crude changed hands at around $92.

Looking ahead to consumer data, a raft of inflation releases are due this week. February’s reading of the Consumer Price Index is due Wednesday, followed by January’s Personal Consumption Expenditures index on Friday. Neither report will account for the recent spike in oil prices.

On the corporate front, investors have eyes on upcoming earnings. Oracle (ORCL) is scheduled to report Tuesday, while Adobe (ADBE) is due to release results Thursday.

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