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Trump's Iran remarks push oil down, lift Asian stocks

Wall Street Journal Markets •
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President Trump told reporters the Iranian campaign was moving faster than anticipated, and that the United States remained committed to keeping global energy supplies uninterrupted. His remarks on Monday sparked an immediate market reaction, sending crude prices lower and prompting a swift rebound in Asian equities. Traders interpreted the comments as a signal that the conflict may de‑escalate soon, and may reshape oil earnings.

Earlier in the day, G‑7 finance ministers signaled willingness to intervene if energy markets tightened, a stance that helped calm lingering supply worries and reassure import‑dependent economies worldwide. With the prospect of a quicker end to hostilities, oil futures slipped roughly 2 %, while Japan’s Nikkei and South Korea’s Kospi each climbed close to 1 % on the back of the optimism.

Investors are now weighing the reduced near‑term risk against the broader geopolitical uncertainty that still shadows the market. Energy‑intensive firms may see short‑term cost relief, while commodity traders will monitor any shift in U.S. policy and could temper risk‑off moves. For now, the rally underscores how quickly sentiment can swing on a single presidential cue.