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diplomacyMay 29, 2026

Asian shares are mostly higher on hopes for a winding down of the Iran war

Summary

HONG KONG (AP) — Asian shares were mostly higher Friday on expectations of a deal between the U.S. and Iran to extend their ceasefire in their war by 60 days. Oil prices slipped on optimism over a de-escalation of the conflict, but remain above pre-war levels as the Strait of Hormuz remains largely closed.

Source: CHAN HO-HIM, AP Business Writer — Read the full report

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Iran

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  • CHAN HO-HIM, AP Business WriterBy CHAN HO-HIM, AP Business Writer

    HONG KONG (AP) — Asian shares were mostly higher Friday on expectations of a deal between the U.S. and Iran to extend their ceasefire in their war by 60 days. Oil prices slipped on optimism over a de-escalation of the conflict, but remain above pre-war levels as the S…

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