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

NAMPA / AFP

2026-05-18

Asian markets lost ground on Monday, extending slides in global markets as the impasse in the war in the Middle East drove up oil prices. The United States and Iran agreed to a truce in April, but negotiations have stalled and sporadic attacks in the region have continued. US President Donald Trump issued a fresh warning to Tehran on Sunday, saying it had to move quickly towards a peace deal or "there won't be anything left of them". The conflict......

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