Asian stocks gain, oil prices fall on hopes of renewed US-Iran talks
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Asian stocks have risen and oil prices have fallen due to hopes of renewed US-Iran talks. The potential talks aim to end the conflict in West Asia, which has been ongoing for seven weeks and has led to a global energy shock and surging fuel prices.
Asian stocks are trading higher, with Tokyo's Nikkei 225 up 2.4% and South Korea's Kospi jumping 3.4%. Oil prices have fallen, with Brent crude down 1.3% to $98.12 per barrel. The US and Iran are considering a second round of talks before a temporary ceasefire agreement expires. The conflict has led to a global energy shock, with surging fuel prices threatening to push up inflation and impact economic growth. Wall Street rose on Monday, with the S&P 500 gaining 1% to 6,886.24. The US dollar has fallen to 159.08 Japanese yen.
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