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A man walks past an electronic board showing the Nikkei 225 index on the Tokyo Stock Exchange along a street in Tokyo on April 7, 2025.
Kazuhiro Nogi | Afp | Getty Images
Asia-Pacific markets were set to open broadly higher Tuesday, amid falling oil prices as sentiment remained buoyed by hopes for a breakthrough in the U.S.-Iran peace negotiations.
President Donald Trump on Monday said negotiations with Iran were "proceeding nicely," although he warned that the U.S. could go back on the offensive if those talks fall apart.
Oil prices declined further after Trump's comments. West Texas Intermediate futures for July was 5.61% lower at $90.99 per barrel as of 7:37 p.m. ET. International benchmark Brent futures for July fell about 7% to close at $96.14 per barrel.
In a sign of how tenuous the negotiations were, the U.S. Central Command said that it conducted "self-defense strikes" targeting Iranian missile launch sites and boats attempting to lay mines in the south of the Islamic Republic.
As the conflict wore on, Tehran appeared to be "blinking" over the Strait of Hormuz, ex-CIA director David Petraeus told CNBC's Lisa Kim at the UBS Asian Investment Conference on Monday.
Japan's Nikkei 225 was poised to rise, with the Chicago futures contract at 65,290 and its Osaka counterpart last trading at 65,460, compared with the index's previous close of 65,158.19.
Hong Kong Hang Seng index futures were at 25,430, lower than the index's last close of 25,606.03 on Friday.
In Australia, futures last traded at 8,735, while the S&P/ASX 200′s closed at 8,692.
