Asian markets advanced as oil prices declined following the finalization of a draft US-Iran peace memorandum. The development reduced worries over potential energy supply issues. Optimism around artificial intelligence also supported equities.
Stock markets rallied after negotiators completed the draft of the much-anticipated US-Iran peace memorandum on May 28. The agreement remains pending final approval from US President Trump and Iranian leader Khamenei, according to reports from Axios cited in market analysis. This tentative progress prompted a drop in oil prices, including Brent crude, which eased investor concerns about disruptions in energy flows.
