Asian shares jumped sharply on Wednesday as global financial markets rallied on renewed optimism that the ongoing Iran war could be nearing an end. The rally follows President Trump’s comments suggesting a potential resolution within weeks.

South Korea’s Kospi surged 8.1%, while Tokyo’s Nikkei 225 rose 4.5%. Hong Kong’s Hang Seng was up 2%, and the Shanghai Composite index traded 1.4% higher. Australia’s S&P/ASX 200 gained 2%, with Taiwan’s Taiex climbing 4.4%.

In corporate news, Unilever agreed to merge its food arm with U.S.-based spice maker McCormick in a $44.8 billion deal, creating a food conglomerate with a combined enterprise value of almost $66 billion.

Nvidia announced a $2 billion investment in Marvell Technology, causing Marvell’s shares to spike 12.8%. Nvidia’s own shares jumped 5.6% on the news.

Oil prices fell below $100 per barrel, with Brent crude trading down 4.4% at $99.44, reversing earlier gains as geopolitical tensions showed signs of easing.