Global Market Today: Oil falls, Asian stocks rise as Iran tensions ease

Global markets turned risk-on as US-Iran tensions eased, with Brent crude falling as much as 7.4% to below $90 a barrel before paring losses. MSCI Asia Pacific equities rose 0.4% and Nasdaq 100 futures climbed 1.2%, while gold gained over 1% to $4,100 an ounce and the 10-year US Treasury yield fell five basis points to 4.63%. Traders now focus on the Federal Reserve policy decision on Wednesday and upcoming megacap tech earnings from Microsoft, Meta, Apple, and Amazon.