US-Iran peace optimism fuels Asian stock market gains
Asian stock markets rose on optimism over a potential US-Iran peace deal. US President Donald Trump stated that conflict in the Middle East would be "over quickly" and that talks over the past 24 hours were "very good," suggesting a deal could reopen the Strait of Hormuz. Trump made the remarks in the Oval Office on Wednesday, according to Reuters. Since the war began on February 28, Trump has repeatedly hinted at an agreement with Iran, without reaching one. The gains in Asian markets reflect investor hopes for reduced geopolitical tensions and stable oil supplies.
Key facts
- Asian stock markets gained on US-Iran peace optimism.
- Trump said conflict in the Middle East would be 'over quickly'.
- Trump reported 'very good talks' in the last 24 hours.
- A potential deal could reopen the Strait of Hormuz.
- Trump spoke in the Oval Office on Wednesday.
- The war began on February 28.
- Trump has repeatedly suggested a deal without reaching one.
- Reuters reported Trump's comments.
Entities
Institutions
- Reuters
Locations
- United States
- Iran
- Middle East
- Strait of Hormuz
- Oval Office