Asia markets rebound as oil plunges after Trump signals Iran war might end soon Asia-Pacific stock markets surged on Tuesday as oil prices plummeted and U.S. President Donald Trump hinted that the conflict with Iran could be nearing its end, sparking a regional recovery. South Korea’s Kospi index opened more than 5% higher, while Japan’s Nikkei 225 rose 1.7% and Australia’s S&P/ASX 200 gained 1.55% in early trade. The rebound followed a sharp drop in global oil prices, which fell below $90 per barrel after surging past $100 the previous day. The sharp decline in oil prices was driven by concerns over the potential resolution of tensions in the Strait of Hormuz, a critical shipping route for global oil supplies. Bob McNally, president of Rapidan Energy Group, noted that the closure of the strait had disrupted 20% of the world’s oil supply, marking the largest interruption in history. This contrasts with the Suez Crisis of 1956, when roughly 10% of global oil supplies were disrupted by the invasion of Egypt’s Sinai Peninsula by Britain, France, and Israel. The market rally also coincided with a strong performance in U.S. stocks, where the S&P 500 closed 0.83% higher, the Dow Jones Industrial Average gained 0.5%, and the Nasdaq Composite rose 1.38%. The gains followed a volatile session in which U.S. indices had earlier dropped as much as 1.5% amid fears of prolonged geopolitical tensions. In South Korea, the Kospi’s sharp rebound was accompanied by a 4% surge in the Kosdaq, a market for smaller-cap companies. Analysts attributed the rally to both the drop in oil prices and optimism that the Iran conflict could soon be resolved, reducing risks to global energy markets. Similar optimism fueled gains in Japan and Australia, where investors anticipated a broader easing of geopolitical pressures.#s_p_500 #donald_trump #strait_of_hormuz #rapidan_energy_group #kospi