The relief for global markets comes after Trump said Iranian officials are interested in reaching a deal.
Published April 14, 2026
Asia's major stock markets have risen and oil prices have fallen amid renewed hopes for ceasefire talks between the United States and Iran.
Relief for global markets on Tuesday came after US President Donald Trump said overnight that Iranian officials had reached out to his administration and expressed openness to a deal.
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“We have been called by the other side and they would very much like to reach an agreement,” Trump said in remarks at the White House.
Japan's benchmark Nikkei 225 index rose as much as 2.5 percent on Tuesday, while South Korea's KOSPI gained about 3.7 percent.
Singapore's Straits Times Index rose about 0.6 percent.
In Hong Kong, the Hang Seng Index rose about 0.4 percent in early afternoon, while the SSE Composite Index in Shanghai rose about 0.5 percent.
The rally in Asia followed gains on Wall Street, with the benchmark S&P 500 index finishing up 1 percent overnight.
Brent crude, the benchmark for global oil prices, fell almost 1.5 percent, falling below $98 a barrel.
The positive turn for markets came despite the United States making good on its threat to impose a naval blockade on Iranian ports, a move that analysts warn will likely exacerbate energy shortages that are gripping the global economy.
Brent had risen above $103 a barrel after Trump threatened on Sunday to impose a blockade on the Strait of Hormuz, a conduit for about a fifth of the world's oil and natural gas supplies.
The US military later clarified that the blockade would only apply to ships entering and leaving Iranian ports, in an apparent reduction of Trump's threat to completely close the waterway.
Iran has effectively stopped shipping through the strait since the start of the war on February 28, sending the global energy market into a tailspin.
Only 21 vessels transited the strait on Sunday, according to maritime intelligence provider Windward, compared with about 130 daily transits before the conflict began.
