Asian stocks mostly fall and oil climbs again over Iran war de-escalation uncertainties
Asian stocks were mostly lower and oil prices gained on Thursday as a de-escalation of the Iran war remained uncertain. Oil prices were up again on Thursday after an earlier dip. The rise in oil prices came as Tehran on Wednesday dismissed a ceasefire plan by the U.S., after the administration of U.S. President Donald Trump offered a 15-point proposal to Iran and Trump this week delayed a self-imposed deadline to “obliterate” its power plants in order to force Iran to reopen the Strait of Hormuz.
Asian stocks were mostly lower and oil prices gained on Thursday as a de-escalation of the Iran war remained uncertain. Oil prices were up again on Thursday after an earlier dip. The rise in oil prices came as Tehran on Wednesday dismissed a ceasefire plan by the U.S., after the administration of U.S. President Donald Trump offered a 15-point proposal to Iran and Trump this week delayed a self-imposed deadline to “obliterate” its power plants in order to force Iran to reopen the Strait of Hormuz.
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