INTRO: Oil prices fell and Asian stocks rose on Wednesday on hopes for a de-escalation of the Middle East war.
It comes after reports that Washington sent a peace plan to Iran. Meanwhile Tehran announced it will let "non-hostile" oil vessels through the crucial Strait of Hormuz. Laura Westbrook reports from Hong Kong.
It comes after reports that Washington sent a peace plan to Iran. Meanwhile Tehran announced it will let "non-hostile" oil vessels through the crucial Strait of Hormuz. Laura Westbrook reports from Hong Kong.