Market Expects US-Iran Negotiations to Continue, Asian Stocks Mostly Higher, Oil Prices Retreat

AI Summary (NQ-processed)

Asian stock markets mostly closed higher and oil prices retreated amid expectations of continued negotiations between the US and Iran. US President Trump's announcement of a call from Iran seeking talks fueled hopes for a deal to end the Middle East conflict and reopen the Strait of Hormuz. After an initial 8% surge following the US Navy's blockade announcement, oil prices gave back all gains. Major markets like Tokyo, Seoul, and Taipei saw significant rises, with the Taipei Weighted Index hitting a new historical high.