Asian markets, led by South Korea’s Kospi, rebounded strongly on Tuesday following a plunge of over 10% in oil prices and a surge in Wall Street. This resurgence comes in the wake of U.S. President Donald Trump’s remarks hinting at a possible end to the conflict with Iran. Among his comments, Trump mentioned the possibility of seizing control over the Strait of Hormuz, a key strategic location for the crude market. The fall in oil prices, from over $100 per barrel to $89.03 for International Brent and $86.05 for U.S. crude oil, lends momentum to the hopeful signs of the conflict’s resolution.
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- Relief Rally Lifts Stocks as Dollar Extends Losses: Markets Wrap
- Wall Street Traders Hunt for Bottom as War Turmoil Continues
- US Stock Futures Fluctuate as Brent Hits $90 Again: Markets Wrap
- Wall St ends higher as hopes of Iran war resolution offset inflation fears
- This ‘uncanny’ S&P 500 chart suggests a bubble is bursting — and not just because of Iran”
- Trading Day: Wall Street roars back on war resolution hopes
- US stocks dip, oil pulls back as Wall Street weighs conflicting messages on Iran
- The 24 Hours When Oil Markets Went Wild
- Wall St set for subdued open as investors assess inflation data; IEA announcement awaited
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Asia markets rebound as oil plunges after Trump signals Iran war might end ‘soon’
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