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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Hopes for reopening the Strait of Hormuz push Asian shares higher, as oil prices hold above $100

Oil United States Donald Trump Strait of Hormuz Iran Persian Gulf AMD
Financial Markets Wall Street - (Copyright 2026 The Associated Press. All rights reserved)

Asian shares jumped and the price of crude oil was holding above $100 a barrel on Thursday as investors bet on hopes the U.S. and Iran will strike a deal allowing tankers to deliver crude from the Persian Gulf again.

Japan's benchmark Nikkei 225 index jumped 4.6% to 62,243.88, while the Hang Seng in Hong Kong gained 1.2% to 26,531.35.

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