Asia markets surge on U.S.-Iran deal hopes as geopolitical tensions reshape energy landscape. South Korea's Kospi jumped 2.74% and Japan's Nikkei rose 2.43% Tuesday, buoyed by optimism over potential Washington-Tehran negotiations. However, the U.S. blockade of Iranian ports in the Strait of Hormuz is creating headwinds. Oil prices declined with WTI down 2.80% to $96.31 per barrel and Brent crude falling 1.22% to $98.14, as markets weigh supply disruption risks. China's export growth slowed significantly to 2.5% in March, missing forecasts of 8.6%, pressured by rising energy costs from Middle East instability. The geopolitical standoff continues to create uncertainty for global markets and commodity prices.
