Global Market

Tesla has now posted two consecutive years of declining deliveries, a first in its history.

The wider index, S&P 500, slipped 1.4% to hit a low of 6,495 minutes after the opening bell.

Oil markets remain under pressure due to reduced flows from the Gulf, particularly through the Strait of Hormuz, a key transit route for global energy supplies.

The US President said the military campaign against Iran will wind down in three weeks when its military objectives are met. He offered to sell American oil to countries unable to get supplies from the Strait of Hormuz.

In a televised address from the White House, Trump said US operations are close to achieving their objectives, even as he set a two- to three-week window for either a deal or further attacks.

Donald Trump Speech Live: He said Iran's navy is gone, its air force is in ruins, most of its leaders are dead, and its ability to launch missiles has been curtailed.

Stocks opened stronger in Japan and South Korea, sending the broader MSCI Asia Pacific Index up 0.5%.

The S&P 500 Index closed 0.7% higher, while the Nasdaq 100 Index jumped 1.2%. The moves build on a Tuesday rally where US equities had their best day since May.

Dow Jones Industrial Average rose 374.61 points or 0.81%, S&P 500 also rose over 0.59%, while Nasdaq was up 0.81%.

Bangladesh had earlier requested Iran to allow the vessels to pass through the strait.

As the conflict evolves, an expert points to a shift in risks between key players, suggesting different paths ahead for countries involved in the crisis.

Energy stocks gave up gains after the Iranian president's reported comments, with Exxon Mobil Corp. falling 1.1% and Chevron Corp. sliding 1.8%.

Gold edged up in early Asian trading, while Treasuries mostly rose and the dollar fell in the US session.

The Dow Jones Industrial Average rose 449.22 points or 0.99%, S&P 500 also rose over 1.26%, while Nasdaq was up 1.62%.

Global energy price surges and weakened growth forecasts have boosted the dollar as a safe haven, with traders holding over seven billion dollars in bullish derivative bets.

Oil prices fell below $102 after reports that President Trump may end the Iran conflict even if the Strait of Hormuz remains closed, following recent tanker attacks.

Stocks rose and oil prices fell after reports that President Trump is open to ending the US military campaign against Iran despite the Strait of Hormuz remaining closed.

Surging US yields, a strong dollar and pre-war price highs trigger a gold selloff, challenging its traditional safe-haven appeal amid geopolitical turmoil.

The rally in domestic bullion mirrored gains in international markets. US spot gold was trading at $4,561.83 per ounce, up 1.53%.

Even as stocks gained, crude prices rose higher. Brent crude futures were also up 1% at above $101 per barrel.