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US-Iran peace optimism fuels Asian stock market gains
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SCMP Economy07.05.2026BusinessChina

US-Iran peace optimism fuels Asian stock market gains

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US President Donald Trump said conflict in the Middle East would be “over quickly”, as Iran considered a peace proposal that could lead to the reopening of the vital Strait of Hormuz. “We’ve had very good talks over the last 24 hours, and it’s very possible that we’ll make a deal,” 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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