Further, US Treasury Secretary Scott Bessent stated that Iranian oil tankers are being allowed to pass through the Strait of Hormuz. Asian-Pacific markets reacted positively, with stock indices rising on Tuesday as investors closely monitored ongoing developments related to the Iran-related conflict.
On Monday, Trump said Washington had asked China to delay his planned meeting with Chinese President Xi Jinping. In the international market US stock futures were largely flat after major indexes posted gains overnight, supported by easing oil prices that helped calm broader market sentiment.
US stocks rebounded sharply on Monday, as declining oil prices reduced fears of energy-driven economic shocks. The Dow Jones Industrial Average climbed 0.83 per cent to 46,946.41, while the S&P 500 rose 1.01 per cent to 6,699.38 and the Nasdaq Composite advanced 1.22 per cent to 22,374.18. Technology and banking stocks led the rally, as investors positioned themselves ahead of the upcoming Federal Reserve policy decision.
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