Asian Markets Rise as Trump Refrains from Iran Strike

Asian and Australian stock markets opened higher on August 4, 2026, following a global rally and record closes on Wall Street. The Dow Jones Industrial Average reached a record high, spurred by U.S. manufacturing data reflecting the highest activity in over four years.

Donald Trump stated he refrained from attacking Iran as a gesture of goodwill to support peace talks. Following the announcement, Brent crude oil prices dropped toward $84 per barrel. Officials in Tehran denied that such negotiations are taking place.