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Asia-Pacific markets were set to open higher Tuesday, tracking Wall Street gains, as traders assess mixed messaging on Iran war.
U.S. President Donald Trump has threatened to target Iran’s civilian infrastructure if a peace deal is not reached in less than 24 hours, while also signaling that the Iranian leadership was negotiating in earnest.
Trump reiterated his demand for Iran to open the Strait of Hormuz by 8 p.m. Tuesday, which would allow traffic to start flowing again through the vital route for global energy supplies — warning the U.S. would decimate every bridge and power plant within four hours of that deadline not being met.
The U.S. and Iran were weighing a framework plan to end their five-week-old conflict, with Tehran pushing back against Trump’s pressure to swiftly reopen the Strait of Hormuz under a temporary ceasefire, and repeating its desire for a lasting end to the war.
