Markets rebounded Tuesday as Trump signals Iran conflict nearing end. The U.S. president said the war is "very complete" and hinted at seizing control of the Strait of Hormuz, prompting oil prices to extend declines as investors reassessed geopolitical risks. U.S. stocks initially climbed on the comments, while Asian markets recovered strongly, with South Korea's Kospi gaining over five percent. However, U.S. futures turned lower as traders weighed potential escalation risks over the critical shipping chokepoint. Iran warned oil tankers to "be very careful" passing through the waterway. The energy crisis has forced South Korea to impose fuel price caps for the first time in three decades. Meanwhile, the Bank of England is expected to delay its planned rate cut next week due to Middle East turmoil and oil market volatility affecting inflation outlooks across developed economies.
