European and Asian stocks soared following renewed hopes for peace in the Iran conflict. Trump indicated a potential halt to attacks within two to three weeks. Oil prices dropped, Brent crude and WTI fell below $100 per barrel. US futures gained, with S&P 500 seeing its biggest rise in nearly a year. Gold increased by 1.4%.
Asian markets followed suit, with notable gains seen in Seoul (+8%), Tokyo (+2.2%), Hong Kong (+2.1%), Shanghai (+1.5%), Mumbai (+2%), Sydney (+1%), and Taipei (+4%).
Markets remain on edge awaiting Trump's national address on the Iran issue. Despite the positive sentiment, analysts caution that the impact of the war may still linger.