Asian Markets Gain as Investors Anticipate Iran War Resolution
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Asian Stocks Jump as Iran War End Hopes Emerge; Oil Prices Volatile
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News18•11-03-2026, 10:15
Asian Stocks Jump as Iran War End Hopes Emerge; Oil Prices Volatile
•Asian markets surged, with Tokyo Nikkei 225 up 2.1% and South Korea Kospi 3.5%, driven by hopes for an end to the Iran war.
•US stocks saw mixed movements; S&P 500 dipped 0.2%, Dow Jones fell 0.1%, while Nasdaq edged slightly higher.
•Oil prices fluctuated significantly, with Brent crude at $85.36 and US benchmark at $83.81, after President Donald Trump's comments on the war's completion.
•The Iran war enters its 11th day with heightened rhetoric; US Defence Secretary Pete Hegseth promised intense strikes, and Iran vowed to block oil exports.
•President Donald Trump emphasized keeping the Strait of Hormuz open, warning Iran of severe retaliation if oil flow is disrupted, amidst global stagflation fears.
