Asian markets rise on Iran ceasefire hopes

Asian stock markets rose and oil prices steadied on April 16, 2026, amid growing optimism about a potential extension of the ceasefire in the Iran war. The market movements reflect expectations that the United States and Iran are moving toward renewed diplomatic talks. Analysts suggest investors are pricing in reduced geopolitical risk as the Trump administration signals openness to negotiations. The positive sentiment comes despite ongoing tensions in the region and the US naval blockade of Iranian ports.