Asia stocks surge, oil falls on hopes of US-Iran truce deal

Asian stock markets surged and oil prices receded on Friday, boosted by optimism that the United States and Iran will reach a deal to end their war that has hobbled global energy supplies.Leading indices on stock exchanges in Tokyo, Seoul and Taipei surged by more than two percent, while Sydney was up by one percent.

May 29, 2026 - 06:00
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Asia stocks surge, oil falls on hopes of US-Iran truce deal
Asian stock markets surged and oil prices receded on Friday, boosted by optimism that the United States and Iran will reach a deal to end their war that has hobbled global energy supplies.Leading indices on stock exchanges in Tokyo, Seoul and Taipei surged by more than two percent, while Sydney was up by one percent.

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