International Oil Prices Rise Slows, Japan and South Korea Stocks Up
International crude oil prices stabilized, leading to a rise in Japanese and South Korean stock markets. Earlier in the week, crude oil futures surged after President Trump suggested destroying Iranian civilian facilities, but the market has since regained some calm.
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- 📰 Published: April 6, 2026 at 18:53
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However, prices fluctuated during the session, and by afternoon, West Texas Intermediate (WTI) crude fell 0.7% to $110.75 per barrel, while North Sea Brent crude rose slightly by 0.2% to $109.20 per barrel.
Analysts stated that investor sentiment stabilized after Axios reported that the United States and Iran were discussing terms for a potential 45-day ceasefire with regional mediators.
Stephen Innes of SPI Asset Management wrote that "the market is starting to get interested in the idea of a 'peace dividend'," though he added that this was merely "a temporary recalibration."
Bloomberg MLIV strategist Mark Cranfield stated that the market's reaction to the related reports "shows investors' eagerness for a de-escalation of the conflict in Iran," adding that "should President Trump dismiss hopes for a ceasefire in a speech later today, this optimism would reverse."
The Tokyo stock market closed up 0.6%, while the Seoul stock market rose 1.4%. Among other Asian markets not closed today, Singapore's stock market gained 0.4%, but Jakarta's stock market fell 0.5%. (Translator: Yang Zhaoyan) 1150406
FAQ
What initially caused crude oil futures to soar at the start of the week?
Crude oil futures initially soared due to U.S. President Donald Trump's threats to destroy Iranian civilian facilities and demands for Tehran to accept his terms for an agreement on Persian Gulf shipping.
How did the prices of West Texas Intermediate (WTI) and Brent crude fluctuate during the session?
West Texas Intermediate (WTI) crude fell 0.7% to $110.75 per barrel, while North Sea Brent crude rose slightly by 0.2% to $109.20 per barrel by the afternoon.
What news stabilized investor sentiment regarding the situation between the U.S. and Iran?
Investor sentiment stabilized after Axios reported that the United States and Iran were discussing terms for a potential 45-day ceasefire with regional mediators.
What did Stephen Innes of SPI Asset Management suggest about the market's interest?
Stephen Innes suggested that the market is starting to get interested in the idea of a 'peace dividend,' though he characterized it as a temporary recalibration.
Which Asian stock markets saw gains, and which experienced a decline?
The Tokyo stock market closed up 0.6%, and the Seoul stock market rose 1.4%. Singapore's stock market gained 0.4%, while Jakarta's stock market fell 0.5%.