Asian markets surge as oil plummets below $100 on Iran war de-escalation hopes. South Korea's Kospi jumped 8.4%, Tokyo's Nikkei rose 5.2%, and Hong Kong's Hang Seng climbed 2.3% following President Trump's announcement that U.S. military operations could conclude within two to three weeks. Brent crude fell 4.4% to $99.44 as geopolitical tensions ease. The Strait of Hormuz disruption, which had threatened global energy supplies and inflation, shows signs of relief. U.S. futures advanced 0.7% ahead of Trump's public address on the conflict. Analysts note that while sentiment has improved sharply, longer-term market effects from the war may persist even after hostilities cease, suggesting potential for further recovery if optimism continues to build.
Post from MarketNews_en
Log in to interact with content.