Asian Shares Rise as U.S.-Iran Ceasefire Talks Lift Oil Optimism
Tokyo led regional gains as Brent crude fell 0.8% on hopes the ceasefire extension will ease supply risks, analysts said.
- Asian shares mostly rose on Friday on expectations of a 60-day U.S.-Iran ceasefire extension, with Tokyo's Nikkei jumping 1.8%, while South Korea's Kospi and Taiwan's Taiex both gained 2.3%.
- On Thursday, U.S. and Iranian negotiators reached a tentative ceasefire agreement extending their conflict pause and planning new nuclear talks, though the deal awaits final approval from President Donald Trump.
- Oil prices slipped Friday as investors reacted to de-escalation prospects; Brent fell 0.8% to $91.97 per barrel, while Benchmark U.S. crude lost 1.2% to $87.85 per barrel.
- The tentative accord ensures Iran cannot impose tolls on ships transiting the Strait of Hormuz while the U.S. gradually lifts its blockade on Iranian ports, a U.S. official stated.
- ING commodities strategists Warren Patterson and Ewa Manthey warned Friday that supply recovery remains uncertain, as shipowners may hesitate entering the Persian Gulf until the ceasefire proves durable.
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Asian Markets Rally as Hopes Grow for Extended U.S.-Iran Ceasefire
Asian stock markets traded mostly higher on Friday as investors reacted positively to expectations that the United States and Iran could extend their fragile ceasefire agreement by another 60 days, easing fears of a wider regional conflict and helping improve global market sentiment.
The prospect of relaxation in the conflict between the US and Iran makes investors in Asia optimistic. Nikkei and Topix write higher.
According to U.S. government circles, there was an agreement on a 60-day ceasefire. Iran denies the reports. JD Vance also says that one is "not yet at the target."
A report raises hopes that the two warring parties, the US and Iran, may have agreed on a deal for a longer-term ceasefire and mutual concessions, but already after a few hours the opposite sounds from Tehran sound.
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