Trump's Iran Exit Boosts Asian Stocks

0:00It's April 1st. You're listening to Global News today. AI-powered coverage from around the world. I'm Kori with the story. Asian stock market serves this morning after President Trump announced the U.S. will pull out of Iran in 2-3 weeks, deal or no deal. Japan's Nik-8-225 index climbed almost 4 percent early on, and South Korea's Kospi jumped more than 6 percent. Still, both are down from levels before the Iran War kicked off on February 28th. Brin crew for June delivery rose 1.2 percent to $105.36. That follows a massive 64 percent spike in March for May contracts. The biggest monthly gain since the 1990 Gulf War. All thanks to Iran's threats to choke off the strait of Hormuz. Trump laid it out from the Oval Office yesterday, saying Iran's pushing for talks, but America's timeline won't budge. Meanwhile, Iran's President Masoud Pazeshkin says they've got the will to end it, but only

1:00with solid guarantees against future attacks. Countries like Japan and South Korea feel the pinch hardest, super-dependent on Middle-East energy, fears over tanker insurance, hotly threats in the Red Sea, and shortages in jet fuel in diesel have refiners bidding big to stock up. Oil stays volatile as shipping routes hang in the balance, but this U.S. exit signal has markets breathing a bit easier for now.