Stocks have soared and oil has plunged this week on hopes for an end to the US-Iran conflict

Stocks have soared and oil has plunged this week on hopes for an end to the US-Iran conflict

Tokyo's Nikkei index soared Thursday to lead another strong rally across Asia stocks, fuelled by growing optimism the Iran war is close to ending and the revival of demand for all things AI.

Oil prices also held the week's steep losses due to hopes Washington and Tehran will conclude the conflict and reopen the Strait of Hormuz, which has been effectively closed since the start of March, choking off a fifth of the world's crude.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

Tags

Recommended for you