Asia-Pacific markets opened broadly higher on Tuesday as oil prices eased slightly following news that U.S. President Donald Trump postponed a planned military strike on Iran.
The move eased some of the pressure on energy markets, which had been reacting to heightened geopolitical risks in the region.
The West Texas Intermediate (WTI) benchmark, a key indicator for global oil prices, saw a modest decline, reflecting the temporary relief from the threat of military escalation.
This shift in sentiment helped buoy regional equity markets, with the ASX, Nikkei, and Hang Seng all opening in positive territory.
The decision to delay the strike comes amid ongoing diplomatic efforts to de-escalate tensions between the U.S. and Iran.
While the broader geopolitical situation remains volatile, the immediate market reaction suggests investors are focusing on the short-term reprieve from potential supply disruptions.