Oil prices declined this morning after Donald Trump stated that talks for an Iran peace agreement have reached their final stages. The US president spoke to reporters at JFK airport following the NBA Finals at Madison Square Garden. He noted that Iran and Israel had agreed through his mediation to halt actions and described the situation as the closing phase of a strong accord expected within two or three days. Brent crude fell one percent to 93 dollars per barrel, remaining roughly 20 dollars above pre-conflict levels from late February. Technology shares rebounded across Asia. South Korea’s KOSPI index climbed more than seven percent after its sharp drop the previous day. Japan’s Nikkei gained over two percent while Chinese equities rose slightly. US futures for the S&P 500 and Nasdaq 100 also edged higher. OpenAI submitted a confidential registration document for a US stock market listing, according to a company statement. The filing indicates a potential valuation exceeding 850 billion dollars. The firm noted it had not set a timeline and may remain private for now but wanted the option to proceed publicly. South Korean chipmakers led the regional rally. Samsung Electronics shares increased more than nine percent and SK Hynix rose fifteen percent after a new partnership announcement with Nvidia. The KOSPI surge activated temporary trading halts on program orders. Analysts observed unusually high volatility in the index and warned that speculative flows could lead to sharp reversals. Several large technology companies are preparing stock market debuts in coming weeks, including potential listings from other artificial intelligence firms.
