Fuel crisis LIVE: No increase in prices of petrol, diesel, says government

Oil prices fell more than 5% and Asian stocks rose on Wednesday (March 25) on the prospect of an end to the Iran war and negotiations between the US and Iran.

Tokyo Nikkei 225 rose 2.8% to 53,721.30 in early trading. South Korea’s Kospi index increased by 3.1% to 5,728.22 points. The Hong Kong Hang Seng index increased by 1.2 percent to 25,374.95 points, while the Shanghai Composite index increased by 0.9 percent to 3,914.09 points.

It is said that US President Donald Trump’s administration has proposed a 15-item ceasefire plan to Iran. Mr. Trump’s claims this week of progress in talks with Iran and Monday’s postponement of a deadline for the “destruction” of Iran’s power plants to reopen the Strait of Hormuz also increased optimism that the Iran war could end soon.

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