Iran War Talks Stalled, Asian Stocks Show Mixed Trends
Amid stalled Iran war talks and no hope for reopening the Strait of Hormuz, international oil prices continue to rise, leading to mixed trends in Asian stock markets. US President Trump is reportedly skeptical of Iran's latest proposal. Analysts warn that the longer the stalemate, the more pronounced the ripple effects will be on global markets.
📋 Article Processing Timeline
- 📰 Published: April 29, 2026 at 19:26
- 🔍 Collected: April 29, 2026 at 19:31 (5 min after Published)
- 🤖 AI Analyzed: April 30, 2026 at 00:13 (4h 42m after Collected)
Hong Kong, April 29 (CNA) — With Iran war talks making no progress and no hope for reopening the strategic Strait of Hormuz, international oil prices continued to rise, and Asian stock markets showed mixed trends today.
Agence France-Presse reported that the White House stated President Trump and his team are considering Tehran's latest proposal aimed at restoring shipping in the Strait of Hormuz, but CNN and The Wall Street Journal reported that Trump is skeptical of it.
Iran's Defense Ministry spokesperson, Reza Talaei-Nik, stated that the US “must abandon illegal and unreasonable demands,” adding that the US “is no longer capable of dictating to independent nations.”
Stephen Innes, strategist at SPI Asset Management, pointed out: “Iran wants the blockade lifted and oil flow restored, but Washington, which holds the upper hand, is in no hurry to make concessions until the last moment.”
He added: “The longer the stalemate continues, the more obvious the ripple effects will be. Increased pressure on oil storage, emerging production risks, and a tightening of the entire system will all be reflected in futures prices.”
Hong Kong's Hang Seng Index closed up 1.7% at 26111.84 points. The Shanghai Composite Index closed up 0.7% at 4107.52 points. Tokyo stock market was closed for a holiday.
As for other Asian stocks, Seoul, Jakarta, Wellington, and Manila stock markets closed higher. Taipei, Sydney, Singapore, and Kuala Lumpur stock markets closed lower. (Translator: He Hong-ru) 1150429
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Agence France-Presse reported that the White House stated President Trump and his team are considering Tehran's latest proposal aimed at restoring shipping in the Strait of Hormuz, but CNN and The Wall Street Journal reported that Trump is skeptical of it.
Iran's Defense Ministry spokesperson, Reza Talaei-Nik, stated that the US “must abandon illegal and unreasonable demands,” adding that the US “is no longer capable of dictating to independent nations.”
Stephen Innes, strategist at SPI Asset Management, pointed out: “Iran wants the blockade lifted and oil flow restored, but Washington, which holds the upper hand, is in no hurry to make concessions until the last moment.”
He added: “The longer the stalemate continues, the more obvious the ripple effects will be. Increased pressure on oil storage, emerging production risks, and a tightening of the entire system will all be reflected in futures prices.”
Hong Kong's Hang Seng Index closed up 1.7% at 26111.84 points. The Shanghai Composite Index closed up 0.7% at 4107.52 points. Tokyo stock market was closed for a holiday.
As for other Asian stocks, Seoul, Jakarta, Wellington, and Manila stock markets closed higher. Taipei, Sydney, Singapore, and Kuala Lumpur stock markets closed lower. (Translator: He Hong-ru) 1150429
Choose to stand with facts, every sponsorship you make is the power to protect press freedom.
Download CNA's "Firsthand News" APP to get the latest news instantly.
The text, images, and audio/video on this website may not be reproduced, broadcast, transmitted, or utilized without authorization.