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Stock Futures Edge Higher on Iran Ceasefire Reports
U.S. stock futures are rising slightly as reports emerge of talks between the U.S., Iran, and mediators for a 45-day ceasefire potentially leading to permanent peace. Oil prices are falling in response, easing market tensions from the ongoing conflict.
President Trump warned Iran to reopen the Strait of Hormuz by Tuesday or face strikes on infrastructure.
Asian Shares Mostly Gain Amid Iran War Focus
Japan's Nikkei 225 rose 0.7% to 53,514.39, while South Korea's Kospi gained 1.4% to 5,450.33 as markets monitor the Iran situation. Investors eye Trump's Tuesday deadline for reopening the Strait of Hormuz, with no signs of Iran complying.
Oil prices surged recently on prolonged war fears, impacting global commodities.
Oil Prices Swing on Ceasefire Push vs. Trump Ultimatum
Global benchmark Brent crude traded near $109 per barrel after fluctuating between gains and losses. Traders balance reports of a potential 45-day ceasefire against Trump's demand for Iran to reopen the Strait.
Chances of a quick deal remain low despite mediator discussions.
U.S. Crude Falls to $111.12 as Ceasefire Hopes Rise
Benchmark U.S. crude dropped 42 cents to $111.12, while Brent added 64 cents to $109.67 amid mixed signals from Iran talks. Energy markets closed Friday but have surged on war prolongation fears.
Global oil supply disruptions from the Strait closure continue to pressure prices.
Japan Releases Oil Reserves Amid Strait Closure
Prime Minister Sanae Takaichi announced Japan is releasing strategic reserves and seeking alternative oil routes due to the Hormuz Strait issue. This corporate response aims to mitigate supply risks from the U.S.-Iran conflict.
Markets remain uncertain as trading resumes post-holidays.