WorldIran Rejects US Talks as Hormuz Deal Stalls

Global markets are focused on renewed tensions between Iran and the United States. Tehran has rejected talks, while the possibility of an Oman-backed agreement to reopen the Strait of Hormuz remains uncertain. Oil prices rose as investors weighed the risk that disruption could continue for an extended period. President Trump said the United States was closely monitoring developments in Iran and their economic consequences. Asian stocks moved higher after stronger US jobs data, and Japanese shares gained on optimism about corporate earnings.