Asia-Pacific markets set to climb as traders weigh Trump’s Iran threats against peace hopes

Traders work on the floor of the New York Stock Exchange during morning trading on May 4, 2026 in New York City. Michael M. Santiago | Getty Images Asia-Pacific markets were set to open higher Thursday, shrugging off renewed tensions in the Middle East after President Donald Trump warned Iran would be bombed "at a much higher level" if it failed to agree to a peace deal. His fresh threats came as reports suggested Washington and Tehran were nearing an agreement to end the war. …