Oil Slips, Stocks in Asia Rise on Iran Optimism: Markets Wrap The latest news from Washington on the Iran crisis has sent oil prices tumbling, but the implications for markets are far from clear.
President Trump's decision to hold off on further military action against Iran, following appeals from Persian Gulf allies, has boosted optimism for a deal that would restore stability to the region and ease energy flows through the Strait of Hormuz.
Markets in Asia have been mixed in their response to the news. While oil prices have dropped, stocks in some Asian markets have risen.