Trump Slams Brakes on Iran Strike, Oil Price Plunges 9% Over Weekend, Asian Markets Open Lower on Monday

BlockBeats News, August 3rd. This weekend, Trump's Iran strategy reappeared with TACO, from "imminent strike" to "postpone strike." As of last night and this morning, Trump's latest statement was, "At the request of Saudi Arabia, the United Arab Emirates, Qatar, and Iran to cancel the strike on Iran. I believe there is already an agreement on the Strait of Hormuz, and a denuclearization agreement will also be reached. I am in dialogue with them in the form of negotiations, starting tomorrow afternoon (Tuesday morning Beijing time). We are ready to act at any time."

Impacted by this news, Brent crude oil prices quickly fell from a high of $91 over the weekend, now trading at $83.8.

However, the positive news did not boost the Japanese and South Korean stock markets. According to Bitget quotes, at the Monday opening, the Nikkei 225 index fell by 659.27 points, a decrease of 1.02%, and the South Korean KOSPI index fell by 217.22 points, a decrease of 3.29%. SK Hynix fell by 4%, and Samsung Electronics fell by 5%.