Global equity and energy markets staged a broad-based rally on Monday, driven by reports that the United States and Iran have reached a preliminary agreement on a nuclear deal.
The diplomatic breakthrough injected significant risk appetite into financial markets, with investors betting on a sustained de-escalation in the Middle East.
The market move reflects growing confidence that a resolution could lead to the lifting of US sanctions on Iranian oil exports and restore Tehran's access to the international financial system.
Analysts suggest that such a development could unlock hundreds of billions of dollars in capital flows, potentially triggering the largest economic transformation in the region in decades.
This latest development follows earlier reports that Iran was preparing a diplomatic proposal aimed at satisfying US demands.
Equity and energy markets had already surged on Tuesday as investors anticipated a potential shift in geopolitical risk.