Asian Markets Surge, Oil Slips as Trump Delays Iran Strike, Easing Supply Fears

• Asian markets rebounded sharply after Donald Trump delayed a military strike on Iran, easing West Asia conflict fears.
• Trump extended his ultimatum to Iran by five days, citing "productive talks," though Tehran denied these claims.
• Equity markets across Asia rallied, with MSCI's broadest index of Asia-Pacific shares outside Japan rising 1.3%.
• Oil prices, including Brent crude and WTI crude, rose after an initial sharp fall, but analysts warn of continued volatility.
• Risk sentiment shift eased rate hike expectations, with markets now seeing the Federal Reserve holding rates steady.