Asia-Pacific markets were set to open higher Wednesday, after statements from U.S. President Donald Trump raised hopes that the Iran war could be coming to an end soon.
On Tuesday stateside, Trump said the U.S. could leave Iran in “two or three weeks,” adding “We leave because there’s no reason for us to do this.”
U.S. crude futures were up 0.44% at $101.81 a barrel as of 7.40 p.m. ET.
Investors in Asia will look at the Bank of Japan’s tankan survey for the first quarter of 2026, which measures business sentiment among large Japanese companies.
Expectations from economists polled by Reuters indicate a marginal increase in business optimism among large manufacturers, despite the Iran war.
