Wall St ended higher as investors reacted to U.S.-Iran negotiations and threats. Asian stocks had a mixed trading session with key markets closed for holidays amid ongoing concerns regarding the Middle East conflict.President Trump issued threats to attack Iran’s infrastructure if Tehran does not reopen the Strait of Hormuz by Tuesday, an essential oil supply route.

Iran conflict updates

Trump’s threats followed a recent rescue of an American airman and included a vague deadline for negotiations. A press conference is scheduled for 1 p.m. ET on Monday, featuring Trump and military officials.

Iran rejected Trump’s ultimatum, stating the Strait would reopen only after compensation for war damages. Recent strikes on regional infrastructure continued, impacting neighbouring economies.

Reports indicate U.S. and Iranian discussions, mediated by Gulf states, are focusing on a possible 45-day ceasefire, though a deal before the Tuesday deadline appears unlikely.

Investor sentiment remains cautious as comments from experts suggest potential volatility in markets. The situation continues to unfold, impacting risk assets.

Japan’s Nikkei 225 improved by 0.55% to 53,413.68, while South Korea’s Kospi rose 1.36% to 5,450.33. In India, the benchmark Nifty 50 was up 0.62% as of 1:45 p.m. local time.

Many key Asian markets closed for holidays, including Australia and New Zealand for Easter. The Organisation of the Petroleum Exporting Countries has raised production quotas by 206,000 barrels for May, although this change is largely symbolic given current conflicts.

Crude oil prices fell, with U.S. West Texas Intermediate at $109.3 per barrel and Brent crude pricing at $107.8 as of the latest update.