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Asia-Pacific markets set to jump as U.S.-Iran agree to a ceasefire, oil plunges

Apr 07, 2026 23:46 UTC

Asia-Pacific markets were set to open higher after President Donald Trump said he agreed to suspend planned attacks on Iranian infrastructure for two weeks..

  • In this article Asia-Pacific markets rallied on Wednesday after U
  • S
  • PresidentDonald Trumpsaid he had agreed to suspendplanned attacks on Iranian infrastructurefor two weeks

In this article Asia-Pacific markets rallied on Wednesday after U.S. PresidentDonald Trumpsaid he had agreed to suspendplanned attacks on Iranian infrastructurefor two weeks. The move was "subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz," hewrote on Truth Social. Iranian Foreign Minister Abbas Araghchi in a post on X on behalf of the country's Supreme National Security Council said Tehran's armed forces will "cease their defensive operations." Trump noted the 2-week ceasefire was subject to Iran agreeing to a complete, immed

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