Markets Await Trump Speech on Potential End to Iran War

Financial markets in Singapore and across the globe are trading cautiously as investors await a pivotal address from United States President Donald Trump. The speech, which is expected to outline a potential conclusion to the conflict involving Israel and Iran, has sparked a recovery in risk appetite. This follows a volatile March where surging energy costs pressured global assets. In early trading, the MSCI INC index of Asia-Pacific shares outside Japan moved higher, following its strongest daily gain since late 2022. Ahead of his scheduled primetime address, Trump indicated that a military withdrawal could occur sooner than anticipated. > The United States will be out of Iran pretty quickly and could return for spot hits if needed. Analysts are closely monitoring the situation for its impact on the Strait of Hormuz, a critical maritime route for Brent Crude Oil and Natural Gas. Tony Sycamore, a market analyst at IG, suggested that while a ceasefire would be a positive development, logistical risks remain. > A U.S. exit within the next few weeks would certainly remove one massive layer of tension. > The Iranian response will be critical, particularly whether Tehran continues to leverage its geographical position by imposing tolls or selective inspections on passing tankers and strikes on its neighbouring countries energy infrastructure. In the currency markets, the EUR/USD pair held onto recent gains, trading at approximately $1.1591. Simultaneously, the USD/JPY was positioned at 158.68, keeping traders alert for potential government intervention as the yen approaches the 160 level. Energy prices have begun to stabilize, with Brent crude falling to settle at $101.16 per barrel.