US-Iran Ceasefire Sends Asian Stocks Soaring; Brent Oil Plunges 7%

Major Asian stock markets experienced a dramatic surge on confirmed diplomatic news of a US-Iran ceasefire.

“Live updates: Iran accuses US of violating parts of deal framework, says ceasefire is ‘unreasonable’ The S&P 500 leaped 2”

AP News

Japan's Nikkei soared 5.2%, South Korea's Kospi surged 5.4%, and other regional markets followed with notable gains.

AP News

Crypto markets mirrored the positive mood as Bitcoin rallied above $40,000.

The rally came after more than five weeks of war that had elevated risk premiums.

Energy sector stocks led the gains as Brent crude futures dropped 7.2%.

Shipping and logistics companies surged on expectations of normalized trade routes.

Axar.Az

Technology and export-oriented stocks benefited from anticipated stabilization.

Crypto markets reflected the positive investor sentiment.

The US and Iran disagreed on whether the truce applied to Lebanon.

“Hugo Bachega Middle East correspondent in Beirut One of the remaining questions is: will the war between Israel and Hezbollah derail the ceasefire”

BBC

Lebanon came under intense attack, with at least 182 people killed.

Iran closed the Strait of Hormuz in response to Israeli strikes on Lebanon.

The ceasefire was brokered by Pakistan, which insisted the deal covered Lebanon.

Iran's parliamentary speaker accused the US of violating three of Tehran's 10 conditions.

Trump said Iran's 10-point proposal was a workable basis on which to negotiate.

CNBC

The gulf between the parties' interpretations presented a formidable challenge.

The ceasefire sent immediate shockwaves through global markets.

“Iran's parliamentary speaker, Mohammad Bagher Ghalibaf, accused the U”

CNBC

Brent crude oil plunged 7.2%, propelling broader stock gains.

CNN

Ambiguity and continuing Israeli operations underscored the fragility of the situation.

Geopolitical risks were nowhere near resolved.