Asian stock markets jumped on Wednesday morning after President Donald Trump said the US will leave Iran in "two to three weeks" regardless of whether a deal has been struck with Tehran.
Japan's Nikkei 225 index gained almost 4% in early trading, while the Kospi in South Korea rose by more than 6%. But both indexes are still trading lower than before the Iran war started on 28 February.
The price of Brent crude oil for delivery in June was trading 1.2% higher to $105.36 (£79.61).
It comes after the price of Brent to be delivered in May rose by a record 64% in March as Iran threatened to attack vessels using the Strait of Hormuz, effectively shutting the key shipping route.
Speaking from the Oval Office on Tuesday, Trump said Iran is "begging to make a deal" but whether it happens or not is "irrelevant" to America's timetable.
