Equity markets across Asia were higher, with South Korea’s Kospi hitting a record high following overnight gains on Wall Street and hopes of easing Middle East tensions.

Oil prices fell for a second day on Wednesday on expectations bottled up supply from the key Middle East ​producing region could resume flowing after U.S. President Donald Trump indicated a possible peace deal ‌may be reached to end the war with Iran.

U.S. stocks fell from their record heights, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran

Crude-oil futures fell late Tuesday after President Donald Trump said his latest effort to partially reopen the Strait of Hormuz would be paused, to buy more time to reach an agreement to end hostilities with Iran.

Shares were mostly higher in Asia on Monday after U.S. stocks set more records, powered by strong profits for major companies. U.S. futures were mixed and oil prices slipped slightly after U.S. President Donald Trump said the U.

Iran has not responded to Rubio's remarks. The country's parliamentary speaker Mohammad Ghalibaf said earlier: "We know well that the continuation of the status quo is intolerable

U.S. stocks are pulling back from their record heights, while oil prices jump with uncertainty about when oil tankers can resume crossing the Strait of Hormuz and restore the world’s flow of

Oil prices edged lower in Wednesday trade in Asia after US President Donald Trump raised hopes for an agreement with Iran to end the war. Trump said the US would pause its operation to guide ships through the key Strait of Hormuz trade route - a move that triggered an escalation in attacks in the region - to see if a deal could be made.