Asia-Pacific markets were set to open higher Tuesday, as traders shrugged off geopolitical flashpoints in Iran and Venezuela, as well as a criminal investigation into the U.S. Federal Reserve Chair Jerome Powell.
Investors will be keeping a close eye on oil prices amid ongoing protests in Iran. President Donald Trump is reportedly weighing options for intervention in Iran, according to multiple reports Sunday.
Trump on Monday said any country doing business with Iran will face a 25% tariff “on any and all business being done with the United States of America.” That new tariff on imports from Iran’s trading partners is “effective immediately,” Trump said in a Truth Social post.
Brent crude futures
rose 1.52% to $64.3 per barrel, while U.S. West Texas Intermediate
