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US-Iran peace optimism fuels Asian stock market gains

7 May 2026 at 09:00
US President Donald Trump said conflict in the Middle East would be โ€œover quicklyโ€, as Iran considered a peace proposal that could lead to the reopening of the vital Strait of Hormuz. โ€œWeโ€™ve had very good talks over the last 24 hours, and itโ€™s very possible that weโ€™ll make a deal,โ€ Trump told reporters in the Oval Office on Wednesday, according to Reuters. The president has repeatedly played up the possibility of an agreement with Iran since the war began on February 28, without reaching an...

Trump extends Iran war ceasefire as Strait shutdown drags on

22 April 2026 at 09:16
US President Donald Trump announced a last-minute indefinite extension of a ceasefire with Iran and downplayed reports about an intercepted ship carrying a โ€œgift from Chinaโ€ to Tehran. The US would avoid military action against Iran โ€œuntil such time as their leaders and representatives can come up with a unified proposalโ€, Trump said on social media on Tuesday. He cited a request from Pakistan as a reason for reversing earlier threats to resume bombing if no deal was reached. Prospects for new...

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