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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...

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