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Stocks Pare Gain, Oil Climbs as US Strikes Iran Targets | Bloomberg Daybreak: Asia Edition

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May 26, 2026

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Business and finance news from the Asia-Pacific.

Stocks trimmed gains and crude oil climbed after US strikes on sites in Iran curbed optimism over a potential deal with Tehran. US equity-index futures rose 0.6%, though gains were more subdued than Monday's holiday-thinned advance, when markets in the US were closed. Asian shares edged up 0.3%, off session highs, as American forces hit missile launch sites in Iran and boats trying to place mines, US Central Command said. The authorities described the attacks as defensive in nature. For more on the markets, we spoke to Lianting Tu, Bloomberg's Managing Editor for Asia Equities.

Plus - In a recent poll, Australians broadly expected the Labor government's annual budget would leave them worse off. Bloomberg's Haidi Stroud-Watts and Shery Ahn spoke to Amy Auster, CEO of the Policy Institute of Australia.

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Bloomberg Daybreak Asia delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.

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Guests & Subjects Covered

Asia-Pacific StocksTehran USUS Central CommandAsia Equities PlusBloomberg's Haidi Stroud-WattsShery AhnAmy Auster CEOPolicy Institute

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Stocks Pare Gain, Oil Climbs as US Strikes Iran Targets | Bloomberg Daybreak: Asia Edition · Bloomberg Podcasts · Sentinel