Hong Kong, May 18, 2026 (AFP) - Asian stocks sink, oil rises on US-Iran deadlock

NAMPA / AFP

2026-05-18

Most Asian shares were lower in morning trade on Monday, extending slides in global markets, as the impasse in the Middle East drove oil prices more than two percent higher. Washington and Tehran agreed to a truce in April, but negotiations on ending the conflict have stalled and sporadic attacks in the region have continued. US President Donald Trump issued a fresh warning to Iran on Sunday, saying it had to move quickly towards a peace deal or......

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