Asia-Pacific markets were set to rise on Thursday, tracking similar moves on Wall Street as investors await an address by Donald Trump later in the day amid hopes that the U.S. president is looking to exit the Iran war.
Early Wednesday stateside, Trump claimed that Iran’s “New Regime President” had asked the U.S. for a ceasefire, a claim that Tehran has denied.
Trump added that the U.S. will “consider” the offer only once the Strait of Hormuz was “open, free, and clear,” he said on Truth Social.
Trump previously said he was willing to end the U.S. military campaign against Iran even if the Strait of Hormuz remained closed, according to a report by the Wall Street Journal.
Australia’s S&P/ASX 200 started the day up 0.33%, on pace for a third straight day of gains.
