Asia markets experienced a significant rebound, led by South Korea’s Kospi which rose over 5% to close at 5,532.59, after U.S. President Donald Trump signaled a possible near-end to the conflict with Iran. This statement also led to oil prices plunging by over 10%, with Trump stating the consideration to seize control of the Strait of Hormuz, a crucial transit point for the crude oil market. Consequently, International Brent crude dropped 10% to $89.03 per barrel, and U.S. crude fell more than 9% to $86.05 per barrel.
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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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