Stocks rally in Asia as Iran cites progress in talks - Reuters

Asian stocks rallied following reports from Iran citing progress in diplomatic talks. However, conflicting signals emerged from the US as President Donald Trump threatened to resume war if Iran closes the strait of Hormuz, asserting the nation would cease to exist. Conversely, Vice-President JD Vance met Iranian officials in Switzerland to pursue a new leaf. These negotiations in Bürgenstock occurred as Tehran closed the strait of Hormuz due to Israeli strikes on southern Lebanon.