Asian stocks rose today after Donald Trump postponed attacks on Iranian energy facilities and praised “very good” talks with Tehran.
But oil prices rose again as optimism about the possibility of a de-escalation in the Middle East war faded amid claims that discussions had not taken place.
Markets had a largely positive day, with the impact of Tokyo, Hong Kong, Shanghai, Sydney, Seoul, Singapore, Bangkok, Mumbai and Manila.
However, oil prices rose rapidly.
Brent rose nearly three percent to above $102, while WTI (West Texas Intermediate) rose more than three percent to above $91; investors remain skeptical about the chances of a breakthrough in talks.
After Trump announced he would pause Truth Social, Brent fell as much as 14 percent to $96 at one point, while all three major indexes on Wall Street were up more than one percent; commentators suggested prices could drop as low as $90.
However, the mood cooled somewhat after Iranian media said there had been no talks between Tehran and Washington.
