Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid a sharp pullback by the price of crude oil as market sentiment improved on hopes that more oil tankers could soon pass through the Strait of Hormuz. US President Donald Trump called on other countries to send naval escorts to protect vessels in the Strait of Hormuz. Asian markets closed mixed on Monday.
Tehran has also reportedly allowed a limited number of ships from certain countries, including Pakistan, India, and Turkey, to transit the critical waterway.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.