Asian stocks are set to track Wall Street higher as optimism grows. Prospects for an interim deal with Iran eased energy supply concerns significantly. This development has led to a slide in oil prices and reduced inflation pressures. Investors are now watching for further progress on reopening the Strait of Hormuz. This situation may strengthen the case for the Federal Reserve to keep interest rates unchanged.

Oil prices dropped significantly as peace talks with Iran appeared imminent. Stock markets showed mixed reactions, with US futures rising and Asian markets declining. Japan's yen…

(Bloomberg) -- Asian stocks were set to track Wall Street higher as optimism over a possible interim deal between Washington and Tehran eased concerns about energy supplies and…