RECAP: Asian stocks gained and oil dipped Friday after US President Donald Trump withdrew his threat of further strikes on Iran and said a deal could be signed in the coming days, although Tehran said it had not reached a final conclusion.

“The market has taken the view that Trump doesn’t want to escalate further and has no interest in seeing oil prices surge again.”

(Bloomberg) -- Wall Street powered a rebound in stocks as oil fell after President Donald Trump canceled planned strikes against Iran and signaled a deal is near, fueling hopes…