Hong Kong, May 26, 2026 (AFP) - Asia stocks fall, oil prices diverge on US-Iran deal uncertainty

NAMPA / AFP

2026-05-26

Asian stocks fell and crude prices diverged on Tuesday after fresh US strikes on Iran deflated optimism that a deal to reopen the Strait of Hormuz was imminent. The United States and Iran have been trying to reach a deal to end the Middle East war and reopen the crucial waterway since a fragile ceasefire on April 8. Stocks had rallied on Monday and crude futures contracts dropped below $100 a barrel after reports a deal was on the cusp of being s......

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