US stock markets experienced a notable rebound, with the Dow, S&P 500, and Nasdaq all rising after a series of declines driven by surging oil prices tied to the ongoing Iran conflict. Dow futures gained as optimism grew around potential announcements regarding the opening of the Strait of Hormuz, which is crucial for oil transport. The easing of crude oil prices below $100 has provided some relief to investors, leading to significant gains across major indices. This comes after a stretch of losses due to fears of inflation driven by high oil prices. Despite the rebound, analysts remain cautious about the volatile situation and its potential impact on the markets.