Asian share markets rise sharply Monday after reports of a tentative deal between the United States and Iran to end hostilities and reopen the Strait of Hormuz. Multiple outlets say the announcement lifts investor sentiment across the region, with major indexes in Japan and South Korea gaining around or above 5% in early trading. Japan’s Nikkei 225 and South Korea’s Kospi are reported to have jumped by roughly 5% or more shortly after the news broke.
At the same time, oil prices fall. Sources report crude prices drop by more than $3 per barrel, reflecting expectations that reopening key shipping routes through the Strait of Hormuz could improve supply and reduce risk premiums. U.S. market expectations also increase, with futures for the S&P 500 and Nasdaq both reported up in the morning trading window.
Overall, the coverage links the market moves to the prospect of reduced conflict between the US and Iran, alongside the potential reopening of a critical maritime chokepoint for global oil flows. The deal is described as tentative in some reports, and the situation remains subject to further confirmation and implementation.
