Asia-Pacific markets set to track Wall Street gains as Trump signals de-escalation in Iran conflict

President Donald Trump said the U.S. bid to guide ships out of the Strait of Hormuz had been paused, signaling diplomatic efforts to resolve the Middle East crisis were on track. The move reduces immediate escalation risk around a critical energy chokepoint and shipping lane. Market sensitivity remains high given the Strait’s importance for global oil and freight flows.

Analysis

President Donald Trump said the U.S. bid to guide ships out of the Strait of Hormuz had been paused, signaling diplomatic efforts to resolve the Middle East crisis were on track. The move reduces immediate escalation risk around a critical energy chokepoint and shipping lane. Market sensitivity remains high given the Strait’s importance for global oil and freight flows.