Asia is surging into a new week on the single most significant geopolitical development of 2026: the United States and Iran have agreed a pr
Asia-Pacific markets surged on renewed optimism after the United States and Iran confirmed a preliminary peace framework, easing geopolitical tensions and boosting global risk sentiment. Japan’s Nikkei 225 soared 5.1% to a record 69,298, while South Korea’s Kospi jumped 5.7% and Australia’s ASX 200 gained 1.4%. The agreement, expected to be formally signed on June 19 in Bern, raised hopes for the reopening of the Strait of Hormuz, triggering a sharp decline in oil prices, with WTI crude falling 4.6% to $80.95. Investors are now focused on a pivotal week of central bank decisions, including the Bank of Japan’s widely expected rate hike to 1.00%, the RBA policy meeting, and the Federal Reserve’s upcoming decision. Meanwhile, copper remained near record highs on persistent supply constraints, while Bitcoin advanced to $65,805 as improving risk appetite lifted demand for digital assets. The combination of easing geopolitical risks, falling energy prices, and major policy announcements is expected to drive heightened volatility across equities, currencies, commodities, and cryptocurrencies throughout the week.
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