Asian markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, amid renewed optimism about a potential peace deal between the US and Iran after US President Trump said the US was in the final stages of negotiations with Iran. Tumbling crude oil prices on hopes of the reopening of the Strait of Hormuz also eased global inflationary pressures. Asian markets closed mostly lower on Wednesday.
Saudia Arabia's state news agency Al-Hadath reported that Pakistan could announce the final draft of a peace deal between the U.S. and Iran, and added that intensive work is underway to finalize the text of agreement.
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