Stock markets across Europe and Asia rose Wednesday following President Trump’s statements regarding the conflict with Iran. Futures tied to US stocks also advanced Tuesday, signaling optimism among investors.
Trump indicated he is prepared to end the U.S. military campaign in two to three weeks, with or without a deal, and has reportedly told aides he’s willing to proceed even if the Strait of Hormuz remains closed. He also stated Iran is “begging to make a deal,” but an agreement isn’t essential to the timeline for troop withdrawal.
The conflict had significantly impacted energy supplies, causing Brent crude oil prices to surge by a record 64% in March. The potential for de-escalation appears to be driving market reactions as the U.S. anticipates concluding its campaign in the region.