Oil Steadies as Trump Dismisses Iran Attack Concerns

Asian stock markets advanced and oil prices steadied or snapped a three-day rally after President Donald Trump played down prospects of a prolonged conflict with Iran, easing energy-driven inflation fears. Concurrently, US officials signaled robust energy flows through the Strait of Hormuz, and gold prices held their gains.

• Asian stocks advanced and oil snapped a three-day rally.
• President Donald Trump played down the prospect of a prolonged conflict with Iran.
• US officials signaled robust energy flows through the Strait of Hormuz.
• Gold prices held steady following comments easing inflation jitters.
• US President Donald Trump ruled out prolonged military action in the Middle East.