Japan, South Korea stocks open higher as investors assess Trump’s Iran war comments, extended deadline.

Key Points

* Japan and South Korean stocks rose, while most Asian markets were closed for holidays.
* Trump set a deadline for Iran to reopen Hormuz, escalating threats.
* Oil jumped as OPEC+ raised output but war continued to disrupt supply.

He later posted about a “Tuesday 8 P.M. Eastern Time” deadline without elaborating.

Eight members of the Organization of the Petroleum Exporting Countries and allies raised their production quotas on Sunday by 206,000 barrels per day for May.