Asian Markets Up Sharply On US-Iran Peace Deal Hopes

Asian markets are up firmly in positive territory on Friday, tracking overnight gains on Wall Street following U.S. President Donald Trump calling off strikes against Iran.

In a post on Truth Social, the U.S. President said that the decision was “based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved.”

Trump has said earlier that the U.S. would be hitting Iran “very hard tonight” and claimed he plans to assume total control of their oil and gas markets “at some point in the not too distant future.”