JUST IN: 🇺🇸 US official says US President Trump is prepared to ease sanctions on Iran and release its frozen assets in exchange for progress on the nuclear issue.
LATEST: Asian markets are under heavy pressure as oil climbs back above $92, wiping out roughly $600 billion in market value.
🇰🇷 South Korea (KOSPI): -2.70% | ₩164.7T wiped out 🇯🇵 Japan (Nikkei 225): -0.73% | ¥9.45T wiped out 🇨🇳 China (SSE Composite): -1.65% | ¥2.48T wiped out 🇮🇳 India (Nifty 50): -1.35% | ₹5.56T wiped out
Renewed concerns over further escalation in the war are rattling investors and putting pressure on risk assets across Asia.