Good morning and welcome to Markets Desk, your opening read on what's moving markets today.
The dominant story reshaping global risk sentiment is the US-Iran peace deal, which President Trump is calling complete. The agreement extends a ceasefire by sixty days, reopens the Strait of Hormuz to shipping, and opens a path toward nuclear negotiations. Trump heads to the G7 in France with this as his headline achievement.
That said, traders should temper their enthusiasm on crude. Analysts are warning that the backlog in the Strait of Hormuz could take weeks to clear, meaning oil flows will recover slowly and remain exposed to renewed disruption. The deal removes the worst-case scenario, but supply normalization is not imminent, and prices remain sensitive to any breakdown in talks.
Meanwhile, Asian equity markets are riding the risk-on wave. The Nikkei two twenty five is sitting just above sixty-six thousand, up nearly two-point-nine percent across two sessions. South Korean shares are adding to that momentum, with the KOSPI clearing eight thousand one hundred twenty, having gained nearly four-point-seven percent over two consecutive sessions. Regional investors are clearly pricing in geopolitical de-escalation.
That's the tape. Markets Desk, signing off the floor.
