Energy Markets
Asia markets reach new records due to AI euphoria; yen rises again
The dollar fell, stocks soared, and oil prices dropped after U.S. president Donald Trump announced "great progress" in reaching a "final deal" with Tehran. Meanwhile, momentum accelerated for AI-driven trading. Trump announced that he would temporarily halt an operation escorting vessels through the?Strait?of Hormuz. This area, which carries a fifth or more of the world's oil, has been blocked by Iran since late Febuary, triggering a worldwide energy crisis. Brent crude fell 1.6%, to $108.07 a barrel. S&P 500 futures rose 0.3%. MSCI's All-Country World Index climbed 0.4%, a new record. It was followed by similar milestones in its Emerging...